The Deloitte Economics Institute modeled region-level data from 15 geographies across Asia, Europe, and the Americas to estimate how much it could cost the global economy if we aren’t able to prevent global average temperatures from rising 3 degrees C by the end of the century.
Using scenario analysis from Deloitte’s Regional Climate Integrated Assessment Computable General Equilibrium Model (D.Climate), which demonstrates how climate impacts could affect economic output (GDP), employment, and industry, the researchers established a new economic baseline that incorporates the climate impacts described in IPCC reports. The team them compared this three degrees hotter world to a more hopeful scenario: a future in which the world makes a different choice — and changes.
The Turning Point: A Global Summary
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