False Alarm: How Climate Change Panic Costs Us Trillions, Hurts the Poor, and Fails to Fix the Planet

by Bjørn Lomborg

In other words, each dollar spent on climate policy will avoid less than 17¢ of climate damage. The total, undiscounted loss over the century is beyond $1,800 trillion. For comparison, global GDP in 2022 was just over $100 trillion.