A 1C increase in global temperature leads to a 12% decline in world gross domestic product, researchers have found

A 1C increase in global temperature leads to a 12% decline in world gross domestic product, researchers have found

Archived version: https://archive.ph/shPHW

Report: https://www.nber.org/system/files/working_papers/w32450/w32450.pdf

  • Rom [he/him]12•1 month ago

    Which is misleading if you aren't measuring per capita. Yes, China produces more carbon emissions as a whole, but that's to be expected when their population is over 4x higher than the US's. The per capita numbers tell a different story: https://ourworldindata.org/grapher/per-capita-ghg-emissions

    Also, China is taking climate change seriously and actually trying to do something about it: China added more solar panels in 2023 than US did in its entire history

    To contrast to the US: United States produces more crude oil than any country, ever

    • Infamousblt [any]7•1 month ago

      Also the US just put massive import taxes on solar panels and EVs, two technologies that could really make an impact on slowing down the problem.

      Also the US exports more methane gas than any country on earth. Methane is 30x more powerful a greenhouse gas than CO2. CO2 only tells part of the story