Climate change study predicting dire economic damage is retracted

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illuminem summarises for you the essential news of the day. Read the full piece on The Wall Street Journal or enjoy below:

🗞️ Driving the news: A high-profile study published in Nature last year, which predicted a 62% decline in global economic output by 2100 due to climate change, was retracted
• The study faced criticism for its data from outside researchers, sparking concerns over its accuracy

🔭 The context: The research had become a widely cited reference in discussions on the economic impacts of climate change
• Its extreme predictions contrasted with other models, leading to a reassessment of the data used in the analysis

🌍 Why it matters for the planet: The retraction underscores the challenges of modeling climate-related economic damage
• While the study’s conclusions were contentious, it highlights the urgency of understanding the economic risks of climate change and the need for accurate data to inform policy

⏭️ What’s next: Researchers and policymakers will likely continue to rely on other economic models, while calls for more rigorous, peer-reviewed studies on the impact of climate change persist

💬 One quote: “We need accurate, reliable data to understand the full economic risks of climate change,” said David L. Greene, climate economist

📈 One stat: The retracted study projected a 62% decline in global economic output by 2100 under high-carbon emissions.

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