claim: Over time, climate becomes a net problem: by the 2070s, the UN Climate Panel finds that global warming will likely cause damage equivalent to 0.2 per cent to 2 per cent of global GDP.
evidence: In 2019 the National Bureau of Economic Research found that increase in average global temperature by 0.04 °C per year, in absence of mitigation policies, will reduce world real GDP per capita by 7.22% by 2100.
category: Effects of global warming