Costs of Inaction
Current Nationally Determined Contributions (NDCs) set us on track to about 3°C of global warming, which could result in substantially larger reductions in GDP per capita compared to limiting the warming to 1.5 degrees. Based on the methodology of Burke et al. (2018), we estimate projected GDP per capita associated with a current warming trajectory of 3°C, compared to a Paris compatible 1.5°C pathway.
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