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Paper Published on the Long-Term Macroeconomic Effects of Climate Change

The National Bureau of Economic Research has published a paper using researchers from the University of Southern California, University of Cambridge, International Monetary Fund and National Tsing Hua University that projects how climate change will affect the economy. The paper predicts that if no action is taken to mitigate the issue, it would reduce global GDP per capita by 7.2% by 2100. The paper also notes that the Paris climate accord's goals would help alleviate the negative economic effects from climate change with the U.S. economy only losing 1.88% of its GDP by 2100 if targets are met.

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