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Welfare in the 21st century: Increasing development, reducing inequality, the impact of climate change, and the cost of climate policies

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  • Lomborg, Bjorn

Abstract

Climate change is real and its impacts are mostly negative, but common portrayals of devastation are unfounded. Scenarios set out under the UN Climate Panel (IPCC) show human welfare will likely increase to 450% of today's welfare over the 21st century. Climate damages will reduce this welfare increase to 434%.

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  • Lomborg, Bjorn, 2020. "Welfare in the 21st century: Increasing development, reducing inequality, the impact of climate change, and the cost of climate policies," Technological Forecasting and Social Change, Elsevier, vol. 156(C).
    • Handle: RePEc:eee:tefoso:v:156:y:2020:i:c:s0040162520304157
    DOI: 10.1016/j.techfore.2020.119981
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