Articles | Volume 11, issue 4
https://doi.org/10.5194/esd-11-1073-2020
https://doi.org/10.5194/esd-11-1073-2020
Research article
 | 
04 Dec 2020
Research article |  | 04 Dec 2020

Economic impacts of a glacial period: a thought experiment to assess the disconnect between econometrics and climate sciences

Marie-Noëlle Woillez, Gaël Giraud, and Antoine Godin

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Latest update: 21 Sep 2023
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Short summary
To illustrate the fact that future economic damage from global warming is often highly underestimated, we applied two different statistically based damage functions available in the literature to a global cooling of 4 °C. We show that the gross domestic product (GDP) projections obtained are at odds with the state of the planet during an ice age. We conclude that such functions do not provide relevant information on potential damage from a large climate change, be it cooling or warming.
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