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I know. The robustness, value & effect of such estimates is a big topic of discussion. @GernotWagner @ClimateFran are among the deep thinkers on this.
I mean, from everything I understand, 4°C warming would be civilization-collapsing bad. That it would only cause 7% loss in GDP seems... ridiculous. GDP would likely cease to exist or be a meaningful concept in world that warm.
GDP is a profoundly fake concept, and it's getting more fake. The desire to keep using it, though, is revealing some of the accuracy of this model (and the psychology that the model might suggest in fundamental and deliberate mistakes in pricing).https://www.sciencedirect.com/science/article/pii/S0921800914000615 …
Personally, I think an inverse bunker market measurement would be a good wellness indicator.https://www.cnn.com/style/article/doomsday-luxury-bunkers/index.html …
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