The Fort Worth Press - Major climate-GDP study under review after facing challenge

USD -
AED 3.672504
AFN 64.999972
ALL 81.827235
AMD 365.160186
ANG 1.789785
AOA 917.999929
ARS 1544.5379
AUD 1.462747
AWG 1.8
AZN 1.688498
BAM 1.762379
BBD 2.036128
BDT 126.028385
BGN 1.747831
BHD 0.381383
BIF 3024.210446
BMD 1
BND 1.292395
BOB 11.989636
BRL 5.583204
BSD 1.010945
BTN 95.007435
BWP 13.869176
BYN 3.0269
BYR 19600
BZD 2.033164
CAD 1.425785
CDF 2314.999965
CHF 0.832975
CLF 0.024992
CLP 983.610346
CNY 6.67035
CNH 6.667795
COP 3280.9
CRC 457.263359
CUC 1
CUP 24.260419
CVE 99.36917
CZK 22.014987
DJF 180.019916
DKK 6.747598
DOP 61.316908
DZD 136.867
EGP 53.550401
ERN 15
ETB 164.541452
EUR 0.90264
FJD 2.269205
FKP 0.753031
GBP 0.754265
GEL 2.602509
GGP 0.753031
GHS 11.838234
GIP 0.753031
GMD 74.000072
GNF 8956.017465
GTQ 7.724958
GYD 211.837332
HKD 7.842345
HNL 27.174457
HRK 6.76901
HTG 132.510848
HUF 329.346498
IDR 18246
ILS 3.177865
IMP 0.753031
INR 93.7175
IQD 1532.417211
IRR 1906075.000306
ISK 123.290099
JEP 0.753031
JMD 160.446988
JOD 0.708982
JPY 159.766972
KES 129.930115
KGS 87.449599
KHR 4122.94022
KMF 442.000179
KPW 899.999961
KRW 1328.424961
KWD 0.31126
KYD 0.842352
KZT 451.299842
LAK 22755.230323
LBP 90528.995629
LKR 335.972315
LRD 171.855991
LSL 16.573648
LTL 2.95274
LVL 0.60489
LYD 6.480393
MAD 9.86162
MDL 18.166334
MGA 4574.394744
MKD 55.551795
MMK 2099.724407
MNT 3604.903758
MOP 8.167515
MRU 40.781511
MUR 47.369683
MVR 15.400735
MWK 1752.977277
MXN 18.62714
MYR 4.0828
MZN 63.899323
NAD 16.571931
NGN 1345.720335
NIO 37.201087
NOK 9.569215
NPR 152.012581
NZD 1.800625
OMR 0.384498
PAB 1.010972
PEN 3.44501
PGK 4.540191
PHP 63.622501
PKR 277.574021
PLN 3.981599
PYG 6240.678409
QAR 3.685126
RON 4.824201
RSD 106.135997
RUB 83.077236
RWF 1495.696841
SAR 3.772213
SBD 8.090747
SCR 13.905119
SDG 601.501015
SEK 9.983398
SGD 1.28514
SHP 0.749316
SLE 22.901691
SLL 20969.504398
SOS 577.749741
SRD 37.645994
STD 20697.981008
STN 22.079133
SVC 8.845235
SYP 13001.999685
SZL 16.578126
THB 33.765962
TJS 9.290497
TMT 3.5
TND 3.012932
TOP 2.40776
TRY 50.257902
TTD 6.855598
TWD 32.987504
TZS 2658.884019
UAH 45.980237
UGX 4124.816943
UYU 40.90479
UZS 12104.528047
VES 900.490499
VND 25689.5
VUV 119.943861
WST 2.787799
XAF 592.09297
XAG 0.019407
XAU 0.000251330165
XCD 2.70255
XCG 1.821762
XDR 0.707052
XOF 592.09297
XPF 107.465645
YER 236.501711
ZAR 16.617706
ZMK 9001.183762
ZMW 20.597486
ZWL 321.999592
SSP 5786.523514
MXV 2.092395
  • RIO

    -0.3300

    97.04

    -0.34%

  • CMSC

    -0.0400

    20.67

    -0.19%

  • RELX

    0.0000

    33.41

    0%

  • RBGPF

    0.0000

    67.95

    0%

  • BCE

    -0.0700

    21.99

    -0.32%

  • BCC

    -0.0300

    75.66

    -0.04%

  • GSK

    0.8600

    51.08

    +1.68%

  • JRI

    -0.0300

    11.52

    -0.26%

  • NGG

    -0.1200

    76.68

    -0.16%

  • CMSD

    0.0900

    20.54

    +0.44%

  • BTI

    -0.0800

    55.75

    -0.14%

  • AZN

    2.0200

    168.1

    +1.2%

  • BP

    -1.4200

    43.16

    -3.29%

  • RYCEF

    0.4600

    19.7

    +2.34%

  • VOD

    0.0700

    17.02

    +0.41%

Major climate-GDP study under review after facing challenge
Major climate-GDP study under review after facing challenge / Photo: © AFP/File

Major climate-GDP study under review after facing challenge

A blockbuster study published in top science journal Nature last year warned that unchecked climate change could slash global GDP by a staggering 62 percent by century's end, setting off alarm bells among financial institutions worldwide.

Text size:

But a re-analysis by Stanford University researchers in California, released Wednesday, challenges that conclusion -- finding the projected hit to be about three times smaller and broadly in line with earlier estimates, after excluding an anomalous result tied to Uzbekistan.

The saga may culminate in a rare retraction, with Nature telling AFP it will have "further information to share soon" -- a move that would almost certainly be seized upon by climate-change skeptics.

Both the original authors -- who have acknowledged errors -- and the Stanford team hoped the transparency of the review process would bolster, rather than undermine public confidence in science.

Climate scientist Maximilian Kotz and co-authors at the renowned Potsdam Institute for Climate Impact Research (PIK), published the original research in April 2024, using datasets from 83 countries to assess how changes in temperature and precipitation affect economic growth.

- Influential paper -

It became the second most cited climate paper of the year, according to the UK-based Carbon Brief outlet, and informed policy at the World Bank, International Monetary Fund, US federal government and others. AFP was among numerous media outlets to report on it.

Yet the eye-popping claim that global GDP would be lowered by 62 percent by the year 2100 under a high emissions scenario soon drew scrutiny.

"That's why our eyebrows went up because most people think that 20 percent is a very big number," scientist and economist Solomon Hsiang, one of the researchers behind the re-analysis, also published in Nature, told AFP.

When they tried to replicate the results, Hsiang and his Stanford colleagues spotted serious anomalies in the data surrounding Uzbekistan.

Specifically, there was a glaring mismatch in the provincial growth figures cited in the Potsdam paper and the national numbers reported for the same periods by the World Bank.

"When we dropped Uzbekistan, suddenly everything changed. And we were like, 'whoa, that's not supposed to happen,'" Hsiang said. "We felt like we had to document it in this form because it's been used so widely in policy making."

The authors of the 2024 paper acknowledged methodological flaws, including currency exchange issues, and on Wednesday uploaded a corrected version, which has not yet been peer-reviewed.

"We're waiting for Nature to announce their further decision on what will happen next," Kotz told AFP.

He stressed that while "there can be methodological issues and debate within the scientific community," the bigger picture was unchanged: climate change will have substantial economic impacts in the decades ahead.

- Undeniable climate impact -

Frances Moore, an associate professor in environmental economics at the University of California, Davis, who was not involved in either the original paper or the re-analysis, agreed. She told AFP the correction did not alter overall policy implications.

Projections of an economic slowdown by the year 2100 are "extremely bad" regardless of the Kotz-led study, she said, and "greatly exceed the costs of reducing greenhouse gas emissions to stabilize the climate, many times over."

"Future work to identify specific mechanisms by which variation in climate affects economic output over the medium and long-term is critical to both better understand these findings and prepare society to respond to coming climate disruption," she also noted.

Asked whether Nature would be retracting the Potsdam paper, Karl Ziemelis, the journal's physical sciences editor, did not answer directly but said an editor's note was added to the paper in November 2024 "as soon as we became aware of an issue" with the data and methodology.

"We are in the final stages of this process and will have further information to share soon," he told AFP.

The episode comes at a delicate time for climate science, under heavy fire from the US government under President Donald Trump's second term, as misinformation about the impacts of human-driven greenhouse gases abounds.

Yet even in this environment, Hsiang argued, the episode showed the robust nature of the scientific method.

"One team of scientists checking other scientists' work and finding mistakes, the other team acknowledging it, correcting the record, this is the best version of science."

J.M.Ellis--TFWP