The New York Times

Study Climate Damage Retracted.Html

EuroNews

Major study on catastrophic cost of climate change retracted - but revised figures remain alarming

Nature

Retraction Note: The economic commitment of climate change

Retraction Watch

Authors retract Nature paper projecting high costs of climate change

Wall Street Journal

Climate Change Study Retraction Nature 454Cd61B

New York Post

Climate change study that overestimated economic impact is pulled  but not before banks relied on it

The Free Press

The Cost of Confused Climate Science

A Huge Retraction The Usual Playbook And Reason For Optimism

Metaculus

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Substack

A Huge Retraction, the Usual Playbook, and Reason for Optimism

Charles III

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"[C]limate change is just a very, very expensive form of tax."

"I believe in climate change caused by human beings. What I'm skeptical about is the glib notion that it means the end of the world as we know it."

"The clock is no longer just ticking, it is banging."

"There is no long-term prosperity without action on climate change."

"The time for seeking global solutions [to climate change] is running out."

"The climate crisis is the existential threat. That's not hyperbole; it's a fact."

"[W]e are killing our planet."

Climate change is "above all, an existential crisis."

"Climate change is one of the greatest challenges mankind faces."

"If we don't take action, the collapse of our civilisations and the extinction of much of the natural world is on the horizon."

"Humanity is on thin ice — and that ice is melting fast."

"We haven't yet exceeded the bounds of viable human civilisation, but we're getting close."

Is Climate Change an Existential Threat?

Nature retracted a climate study on Wednesday after the authors acknowledged substantial issues with their paper, which was originally <a target="_blank" rel="noopener noreferrer nofollow" href="https://www.verity.news/story/2024/study-climate-change-to-cost-world-t-every-year">published in April 2024,</a> and had been accessed over 300,000 times and cited 168 times, according to Clarivate's Web of Science.

Nature retracted a climate study on Wednesday after the authors acknowledged substantial issues with their paper, which was originally published in April 2024, and had been accessed over 300,000 times and cited 168 times, according to Clarivate's Web of Science.

The study originally estimated a 62% decline in global economic output by 2100 under high emissions, but after researchers found inaccuracies in Uzbekistan's economic data from 1995 to 1999, the revised estimate fell to 23 percent without that country's data.

The study originally estimated a 62% decline in global economic output by 2100 under high emissions, but after researchers found inaccuracies in Uzbekistan's economic data from 1995 to 1999, the revised estimate fell to 23 percent without that country's data.

The Network for Greening the Financial System, a global network of central banks with more than 150 members across nearly 90 countries, had incorporated the study's damage forecast into risk tools used by banks to stress test portfolios and meet regulations.

The Network for Greening the Financial System, a global network of central banks with more than 150 members across nearly 90 countries, had incorporated the study's damage forecast into risk tools used by banks to stress test portfolios and meet regulations.

The authors, Maximilian Kotz, Anders Levermann and Leonie Wenz from the Potsdam Institute for Climate Impact Research in Germany, corrected underlying economic data and methodology, but acknowledged the changes were too substantial for a correction.

The authors, Maximilian Kotz, Anders Levermann and Leonie Wenz from the Potsdam Institute for Climate Impact Research in Germany, corrected underlying economic data and methodology, but acknowledged the changes were too substantial for a correction.

The revised analysis reduced the projected global income decrease by 2050 from 19% to 17%, and lowered the annual climate damage cost estimate from $38 trillion to $32 trillion, according to the institute's updated calculations.

The revised analysis reduced the projected global income decrease by 2050 from 19% to 17%, and lowered the annual climate damage cost estimate from $38 trillion to $32 trillion, according to the institute's updated calculations.

Despite the retraction, the authors and other scientists maintain there is broad scientific consensus regarding severe negative economic effects of climate change, with the revised findings still showing substantial impacts that outweigh mitigation costs.

Despite the retraction, the authors and other scientists maintain there is broad scientific consensus regarding severe negative economic effects of climate change, with the revised findings still showing substantial impacts that outweigh mitigation costs.

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Nature retracted a climate study on Wednesday after the authors acknowledged substantial issues with their paper, which was originally published in April 2024 and had been accessed over 300,000 times and cited 168 times according to Clarivate's Web of Science.

Nature retracted a climate study on Wednesday after the authors acknowledged substantial issues with their paper, which was originally published in April 2024 and had been accessed over 300,000 times and cited 168 times according to Clarivate's Web of Science.

The study originally estimated a 62 percent decline in global economic output by 2100 under high emissions, but after researchers found inaccuracies in Uzbekistan's economic data from 1995 to 1999, the revised estimate fell to 23 percent without that country's data.

The study originally estimated a 62 percent decline in global economic output by 2100 under high emissions, but after researchers found inaccuracies in Uzbekistan's economic data from 1995 to 1999, the revised estimate fell to 23 percent without that country's data.

The revised analysis reduced the projected global income decrease by 2050 from 19 percent to 17 percent and lowered the annual climate damage cost estimate from $38 trillion to $32 trillion, according to the institute's updated calculations.

The revised analysis reduced the projected global income decrease by 2050 from 19 percent to 17 percent and lowered the annual climate damage cost estimate from $38 trillion to $32 trillion, according to the institute's updated calculations.

Nature Retracts Climate Study Over Data Errors

Nature Retracts Climate Study Over Data Errors

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Nature Retracts Climate Study Over Data Errors

Nature Retracts Climate Study Over Data Errors

The Controversies

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