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Temperature impacts on economic growth warrant stringent mitigation policy

Author

Listed:
  • Frances C. Moore

    (Emmett Interdisciplinary Program in Environment and Resources, Stanford University
    Center on Food Security and Environment, Stanford University)

  • Delavane B. Diaz

    (Stanford University)

Abstract

Integrated assessment models estimate the impact of climate change on current economic output, but not on its rate of growth. This study modifies a standard integrated assessment model to allow climate change to directly affect gross GDP growth rates. Results show that climate change significantly slows down GDP growth in poor regions but not in rich countries, with implications for the level of near-term mitigation.

Suggested Citation

  • Frances C. Moore & Delavane B. Diaz, 2015. "Temperature impacts on economic growth warrant stringent mitigation policy," Nature Climate Change, Nature, vol. 5(2), pages 127-131, February.
    • Handle: RePEc:nat:natcli:v:5:y:2015:i:2:d:10.1038_nclimate2481
    DOI: 10.1038/nclimate2481
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