Today’s warming of 1.2 degrees Celsius (2.2°F) has reduced GDP by less than 0.5%. That is trivial, considering real GDP has grown by more than 800% since 1950. And the same will be true of future warming.
By Steven E. Koonin, Wall Street Journal, July 7, 2023
Steven Koonin is a professor at New York University, a senior fellow at the Hoover Institution, and author of “Unsettled: What Climate Science Tells Us, What It Doesn’t, and Why It Matters.”
The journalist Michael Kinsley famously noted that “a gaffe is when a politician tells the truth.” By that standard, the White House committed a doozy in March when it released a paper on climate change’s effect on the U.S.… Read more