To put this in perspective, we wouldn't even notice that our GDP in 80 years is 10.5% lower than it could have been. Society will be about 500% richer by then. This is great news disguised as terrible news.https://twitter.com/afreedma/status/1163500017681862656 …
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Can you explain how? I'm using this definition of Real Income: https://www.investopedia.com/terms/r/realincome.asp …. Based on the article, I'm not clear on how society could be 500% richer with a 10.5% decrease in Real Income, or what I may have interpreted incorrectly. Thanks!
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Because they're comparing to a theoretical no-climate-change baseline, not to today's GDP
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