Climate change models based on grossly wrong interpretation of economic stakes

Climate economists insist there is essentially nothing to worry about, and economic growth will continue even as the world burns, ecosystems fail, the ice shelves collapse, and the global weather system goes haywire, writes John Gibbons

This year has already delivered some of the most extreme weather conditions in human history. Picture: Matthew Thayer/The Maui News via AP

While not yet over, 2023 has already delivered some of the most extreme weather conditions in human history. This year is virtually certain to be the hottest since records began. In all probability, 2023 is the hottest year on Earth in about 125,000 years.

A new study found damage from extreme weather fuelled by the worsening climate crisis has cost on average about €15m an hour, every hour for the last 20 years. In 2022 alone, these costs totalled at least €270bn.