Public finances worldwide are under pressure, with anticipated costs in areas like health, pensions, and education demanding significant resources. Green advocates propose spending up to 25% of GDP on climate initiatives, which could hinder economic growth. Recent meta-studies by prominent climate economists Richard Tol and William Nordhaus show a projected GDP cost of climate change ranging between 1.9% and 3.1% by century's end. Despite predictions of dire consequences, humans are shown to be adaptable, mitigating climate issues effectively and at lower expenses than often reported.
According to recent meta-studies by Richard Tol and William Nordhaus, the global cost of climate change could equate to just 1.9% to 3.1% of GDP.
Alarmist narratives often overlook the fact that humans are highly adaptable, managing to tackle most climate issues at relatively low costs.
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