{"id":257,"date":"2022-09-05T15:57:46","date_gmt":"2022-09-05T15:57:46","guid":{"rendered":"http:\/\/theclimatebook.org\/?page_id=257"},"modified":"2022-11-01T12:58:53","modified_gmt":"2022-11-01T12:58:53","slug":"3-20-the-true-cost-of-climate-change","status":"publish","type":"page","link":"https:\/\/theclimatebook.org\/en-us\/endnotes\/how-it-affects-us\/3-20-the-true-cost-of-climate-change\/","title":{"rendered":"3.20 The True Cost of Climate Change"},"content":{"rendered":"<div class=\"notes\">\n<p class=\"author\"><a href=\"\/contributors#eugene-linden\" rel=\"author\">Eugene Linden<\/a><\/p>\n<p class=\"date\">All online sources accessed on <time datetime=\"2022-03-04\">4 March 2022<\/time><\/p>\n<ol start=\"191\">\n<li>\n<p>\n<q>one quarter of 1 per cent of GDP<\/q> Nordhaus, W. D., <cite>\u2018Rolling the \u201cDICE\u201d: an optimal transition path for controlling greenhouse gases\u2019\u2018Rolling the \u201cDICE\u201d: an optimal transition path for controlling greenhouse gases\u2019<\/cite>, <span class=\"book\">Resource and Energy Economics<\/span>, 15 (1), 1993, 27\u201350, <a href=\"https:\/\/doi.org\/10.1016\/0928-7655(93)90017-O\" target=\"_blank\" rel=\"noopener\">https:\/\/doi.org\/10.1016\/0928-7655(93)90017-O<\/a>.\n<\/p>\n<\/li>\n<li>\n<p>\n<q>the global economic toll of 2\u00b0C of warming would be $69 trillion<\/q> Lafakis, C., et al., <cite><span class=\"book\">The Economic Implications of Climate Change<\/span><\/cite>, Moody\u2019s Analytics, June 2021, <a href=\"https:\/\/www.moodysanalytics.com\/-\/media\/article\/2019\/economic-implications-of-climate-change.pdf\" target=\"_blank\" rel=\"noopener\">https:\/\/www.moodysanalytics.com\/-\/media\/article\/2019\/economic-implications-of-climate-change.pdf<\/a>.\n<\/p>\n<p>\n<q>three times more economic damage than the Covid pandemic<\/q> Guo, J., et al., <cite><span class=\"book\">The Economics of Climate Change: No Action Not an Option<\/span><\/cite>, Swiss Re Institute, April 2021, <a href=\"https:\/\/www.swissre.com\/dam\/jcr:e73ee7c3-7f83-4c17-a2b8-8ef23a8d3312\/swiss-re-institute-expertise-publication-economics-of-climate-change.pdf\" target=\"_blank\" rel=\"noopener\">https:\/\/www.swissre.com\/dam\/jcr:e73ee7c3-7f83-4c17-a2b8-8ef23a8d3312\/swiss-re-institute-expertise-publication-economics-of-climate-change.pdf<\/a>.\n<\/p>\n<\/li>\n<li>\n<p>\n<q>In the second decade, that number rose to $3 trillion<\/q> Aon, <cite><span class=\"book\">Weather Climate and Catastrophe Insight: 2019 Annual Report<\/span><\/cite>, 2019, <a href=\"https:\/\/www.aon.com\/global-weather-catastrophe-natural-disasters-costs-climate-change-2019-annual-report\/index.html?utm_source=prnewswire&#038;utm_medium=mediarelease&#038;utm_campaign=natcat20\" target=\"_blank\" rel=\"noopener\">https:\/\/www.aon.com\/global-weather-catastrophe-natural-disasters-costs-climate-change-2019-annual-report\/index.html?utm_source=prnewswire&#038;utm_medium=mediarelease&#038;utm_campaign=natcat20<\/a>.\n<\/p>\n<\/li>\n<\/ol>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Eugene Linden All online sources accessed on 4 March 2022 one quarter of 1 per cent of GDP Nordhaus, W. D., \u2018Rolling the \u201cDICE\u201d: an optimal transition path for controlling greenhouse gases\u2019\u2018Rolling the \u201cDICE\u201d: an optimal transition path for controlling greenhouse gases\u2019, Resource and Energy Economics, 15 (1), 1993, 27\u201350, https:\/\/doi.org\/10.1016\/0928-7655(93)90017-O. the global economic toll&hellip;<\/p>\n","protected":false},"author":5,"featured_media":0,"parent":146,"menu_order":20,"comment_status":"closed","ping_status":"closed","template":"page-essay.php","meta":{"footnotes":""},"class_list":["post-257","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/theclimatebook.org\/en-us\/wp-json\/wp\/v2\/pages\/257","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/theclimatebook.org\/en-us\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/theclimatebook.org\/en-us\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/theclimatebook.org\/en-us\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/theclimatebook.org\/en-us\/wp-json\/wp\/v2\/comments?post=257"}],"version-history":[{"count":0,"href":"https:\/\/theclimatebook.org\/en-us\/wp-json\/wp\/v2\/pages\/257\/revisions"}],"up":[{"embeddable":true,"href":"https:\/\/theclimatebook.org\/en-us\/wp-json\/wp\/v2\/pages\/146"}],"wp:attachment":[{"href":"https:\/\/theclimatebook.org\/en-us\/wp-json\/wp\/v2\/media?parent=257"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}