| Description |
1 online resource (18 pages, 2 unnumbered pages) : color illustrations |
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single unit rdami |
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text txt rdacontent |
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computer c rdamedia |
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online resource cr rdacarrier |
| Physical Medium |
polychrome rdacc |
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illustrations |
| Description |
text file rdaft |
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bibliography bibliography |
| Series |
Working paper series / Congressional Budget Office ; 2020-06 |
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Working paper series (United States. Congressional Budget Office) ; 2020-06.
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| Note |
"September 2020"--Cover. |
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GPO Cataloging Record Distribution Program (CRDP). |
| Bibliography |
Includes bibliographical references. |
| Contents |
Introduction -- CBO's projection of the effect of climate change on real GDP -- Interpreting the projection -- CBO's methodology -- CBO's central climate-change scenario -- Uncertainty -- Estimates of net U.S. damage by two other research teams |
| Summary |
As part of its long-term economic forecast, the Congressional Budget Office projects the effect of climate change on the growth of U.S. real gross domestic product (GDP). CBO projects that climate change will, on net, reduce average annual real GDP growth by 0.03 percentage points from 2020 to 2050, relative to growth that would occur under the climatic conditions that prevailed at the end of the 20th century. That annual growth differential accumulates to a 1.0 percent reduction in the projected level of real GDP in 2050. Of that 1.0 percent reduction, one-third reflects a continuation of the effect of climate change on real GDP growth in recent years, and two-thirds reflects expected increases in that effect in the future. This paper describes how CBO constructed its projection, how the projected effect should be interpreted, limitations of the analysis, and the central climate-change scenario that CBO used. It also places CBO's projection in context by comparing it with two widely discussed estimates of the net damage to the United States from climate change. Finally, it notes the many sources of uncertainty underlying the projection. |
| Note |
Online resource; title from PDF cover page (CBO.gov, viewed September 25, 2020). |
| Subject |
United States. Congressional Budget Office.
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United States. Congressional Budget Office. (OCoLC)fst00531108
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Climatic changes -- Economic aspects -- United States -- Forecasting.
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Gross domestic product -- United States -- Forecasting.
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Economic forecasting -- United States.
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Economic forecasting. (OCoLC)fst00901942
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United States. (OCoLC)fst01204155 https://id.oclc.org/worldcat/entity/E39PBJtxgQXMWqmjMjjwXRHgrq
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| Added Author |
Dinan, Terry, author.
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United States. Congressional Budget Office, issuing body.
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| Added Title |
Congressional Budget Office's projection of the effect of climate change on United States economic output |
| Gpo Item No. |
1005-D (online) |
| Sudoc No. |
Y 10.11:2020-06 |
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