Climate damages by 2050 will be 6 times the cost of limiting warming to 2°

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Almost from the start, arguments about mitigating climate change have included an element of cost-benefit analysis: Would it cost more to move the world off fossil fuels than it would to simply try to adapt to a changing world? A strong consensus has built that the answer to the question is a clear no, capped off by a Nobel in Economics given to one of the people whose work was key to building that consensus.

While most academics may have considered the argument put to rest...