Photo: to avoid disaster should reduce greenhouse gas emissions

Experts have used an economic model to calculate the Nobel laureate, and found that will help to avoid catastrophe due to global warming.

Scientists of the Potsdam Institute for the study of climate change in Germany and Columbia University in the USA figured out how to significantly reduce the economic costs that can bring climate change and efforts to prevent them. Balance is achievable if the growth temperature is two degrees Celsius, says EurekAlert!.

The economic costs from the substitution of coal-fired power plants to wind turbines or solar panels. Also inevitable damage during floods, droughts or hurricanes caused by global warming.

To avoid a global catastrophe should reduce greenhouse gas emissions. But previously, scientists have not figured out how climate change affects economic production.

Experts from the USA and Germany have used the development of the Nobel laureate in Economics William Nordhaus – dynamic integrated model of economy and climate.

Experts have included in it the results of recent studies of the economic damage that was caused by climate change.

In the calculations it was found out that limitation of temperature rise to two degrees Celsius is the most economically advantageous from the point of view of costs.

“However, global temperature has risen more than one degree, which requires immediate measures,” – said the scientists.

Recall that to save the Earth from climate catastrophe is available for $2.5 trillion.

Also wrote that in 2019, the temperature of the oceans reached a record high.

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