![The Economic Cost of Climate Change May Be Far Worse](https://www.sofi.hk/app/uploads/2024/05/Feature-image.jpg-6.png)
The Damage Function In the 1990s, Nobel Prize-winning economist William Nordhaus calculated that a 3°C rise in temperatures would lower global GDP by more than 2%. But new research suggests much more dramatic numbers. Testing Temperature A mere 1°C additional rise in temperature could already amount to as much as a 12% loss in global…Read more