>>1360990Note that this is only using IPCC data.
https://www.instituteforenergyresearch.org/climate-change/using-ipcc-defeat-un-climate-agenda/"Therefore, even if massive intervention somehow eliminatedall climate change damage—which it wouldn’t—thenat bestit would spare the globe 2.5 percent GDP of damage in the year 2050. And yet, we already know from our table with the gray shading earlier in this post, that the economiccompliance costsof our policy would be 3.4 percent of global GDP in the year 2050."
This doesn't cover warming that far in the future, but remember that incomes continue to rise over time. The EPA has shown us that an optimal carbon tax would only take the 2100 temperature increase from 4 to 3.5 degrees. When they say optimal they mean at all realistic. Makes you think about government fear mongering over the need to limit warming to 1.5 degrees.
https://mises.org/wire/what-universities-wont-teach-college-students-about-economics-climate-change 