Published on June 1, 2018
Stanford economist Marshall Burke and climate scientist Noah Diffenbaugh issued a report demonstrating a potential $30 trillion economic benefit through the year 2100 by adhering to a 1.5℃ global warming target (vs. 2℃). The study was published in Nature and is one of the first to quantify the economic benefits of the U.N. Paris Agreement.
“Achieving the more ambitious Paris goals is highly likely to benefit most countries — and the global economy overall — by avoiding more severe economic damage,” said senior author Noah Diffenbaugh, a professor at Stanford University’s School of Earth.
Their research, funded by the Erol Foundation, is poised to inform the global discussion around climate change and has received widespread coverage in both scientific and mainstream media: