Important to note also that negative GDP impacts arise because the type of model used assumes full use of resources in the future. If you don't make this assumption (as noted in the NZ report) then the estimated economic impacts are typically positive.
Shameless @BjornLomborg is peddling the false claim that the latest modelling shows it would cost New Zealand 16% of GDP to reach net zero emissions in 2050. In fact the latest modelling shows the cost would be no more than 1% - see page 6 here: …https://ccc-production-media.s3.ap-southeast-2.amazonaws.com/public/evidence/advice-report-DRAFT-1ST-FEB/Evidence-CH-12-How-we-earn-our-way-in-the-world-20-Jan-2021.pdf …https://twitter.com/BjornLomborg/status/1359436881516244993 …
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So under what circumstances would you not make full use of resources ? Seems like a pretty reasonable assumption
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