ProfSteveKeen 
Climate change is often dismissed as a minor inconvenience.
The belief that it will only cause a 1.4% drop in GDP is laughable.
This figure is based on models that ignore tipping points.
Tipping points are like the moment a dam breaks.
A small crack can lead to catastrophic failure.
When climate models fail to account for these tipping points, they underestimate the damage.
Real-world impacts will be far more severe.
Imagine a factory that relies on stable weather patterns.
If climate change disrupts those patterns, production halts.
Supply chains crumble.
Jobs vanish.
The economy doesn’t just lose a fraction of GDP; it faces a potential collapse.
Studies show that a 3°C rise in temperature could lead to a 23% drop in global income by 2100.
That’s not just a number; it’s a warning sign.
Ignoring it is like ignoring smoke before a fire.
The right approach is to adopt realistic models.
We need to prepare for severe economic impacts.
This isn’t just about numbers on a spreadsheet.
It’s about livelihoods, communities, and the very fabric of our society.
The stakes are incredibly high.
If we keep relying on flawed models, we risk everything.
The economy will not just adapt; it will be devastated.
We must act now to change our trajectory.
Otherwise, we’re heading toward a future where the economy is unrecognizable.
And that future will not be kind.
Let’s not wait for the tipping point to arrive.
We need to change course before it’s too late.
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About The Author
Best GD economist on the planet.
Reported change = man made change + natural change + errors.
Scientists say the errors are now effectively zero.
Reported change is easy to find. Where's the graph of one or two other the others?
Ah yes, flawed modelling,
Traditional models though look only at the total consumers spend and government. So if consumers have to spend more money because of the effects of climate change. That is great to economists.
Anything the consumers do that is good for them seem to be terrible for economic models. And for growth
Even Professor Steve can fall in the climate change scam.
The whole purpose of environmental policies (mostly energy throttling in the name of undefined "climate change) almost always was to devastate the economy as a method to usher-in a New World Order.
Still waiting for Florida to be under water… it’s been suppose to be under water for 60 years now
Predictions are pretty hard Steve,
Older people got cheap housing cheap fuel cheap living costs but you young people need to pay for the climate issue even tho Australia can't actually fit it, i agree with you Steve but the money needs to come out of your wealth and your retirement and your age group you have all the money not young people, oh thats right you don't even live in Australia anymore
Most of what we do for climate change is just blowing leaves onto the neighbours yard so we can admire how clean our yard is. EV batteries have awful service life and upstream production emissions, windmill blades cant be recycled and have a short service life, solar panels are almost 100 year old technology and once the rare earth minerals are recycled, they get offshored as ewaste. The best thing you can do for the environment is to buy something you can maintain for life. You cant buy yourself out of a problem that is at its core and overconsumption issue.