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

by Bjørn Lomborg

Using the latest cost estimates of emission reductions from the UN climate panel, Tol finds that fully delivering on the Paris Agreement promise of keeping the global temperature rise below 1.5°C will cost 4.5 percent of GDP by midcentury, and 5.5 percent in 2100.