IPCC report shows Stern inflated climate change costs

Richard Tol outlines how he believes the Stern Review got it wrong.

How much does climate change cost? What will be the impact on our wallets?

The latest report from the Intergovernmental Panel on Climate Change’s (IPCC) Working Group II has concluded that global warming of 2.5˚C would cost the equivalent to losing between 0.2-2.0% of annual income.

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