Climate Change, Economic Production, Inequality, and Poverty

This working paper has taken a logical approach to estimating the future effect of climate change on poverty over longer time horizons than had previously been studied. To do so, the study used scenarios, model relationships, and models already in existence, relying on average temperature change to estimate the impact of climate on the economy and inequality.

The findings suggest that the effects of climate change on poverty may be more muted than other global challenges and that if the goal is to reduce poverty, high-cost policy interventions to mitigate the effects of climate change may create more harm than good.

Our findings suggest that policy interventions should instead target socioeconomic development, especially in regions already experiencing high levels of poverty and inequality and sub-Saharan Africa and South Asia.

Please see the link to the full report below.