In a peer-reviewed journal, Bjorn Lomborg explains that increasing welfare will overwhelm the negative impacts of climate change:
“Climate change is real and its impacts are mostly negative, but common portrayals of devastation are unfounded. Scenarios set out under the UN Climate Panel (IPCC) show human welfare will likely increase to 450% of today’s welfare over the 21st century. Climate damages will reduce this welfare increase to 434%.”
. . .
“Arguments for devastation typically ignore adaptation, which will reduce vulnerability dramatically. While climate research suggests that fewer but stronger future hurricanes will increase damages, this effect will be countered by richer and more resilient societies. Global cost of hurricanes will likely decline from 0.04% of GDP today to 0.02% in 2100.”
His article appears in Technology Forecasting and Social Change.
Image above is by Sabine of Pixabay.