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https://finance.yahoo.com/news/climate-change-could-cut-southern-211747482.html
In today's Yahoo is yet another alarmist story, headlined with,
Climate Change Could Cut Southern U.S. Incomes by 20%
Yet is we go to the actual paper you read the following.
20% /1.2 %per 1°C= 16.66°C.
I was unaware that even the unlikely RCP 8.5 models had an increase of 16.6 °C before the end of the 21st century!
In today's Yahoo is yet another alarmist story, headlined with,
Climate Change Could Cut Southern U.S. Incomes by 20%
Yet is we go to the actual paper you read the following.
So how do they get to a 20% drop in income, when the paper stated the loss would be 1.2% per +1°C?The combined value of market and nonmarket damage across analyzed sectors—agriculture, crime, coastal storms, energy, human mortality, and labor—increases quadratically in global mean temperature, costing roughly 1.2% of gross domestic product per +1°C on average.
By the late 21st century, the poorest third of counties are projected to experience damages between 2 and 20% of county income (90% chance) under business-as-usual emissions (Representative Concentration Pathway 8.5).
20% /1.2 %per 1°C= 16.66°C.
I was unaware that even the unlikely RCP 8.5 models had an increase of 16.6 °C before the end of the 21st century!