In the NewsAxiosNovember 29, 2018

Where the alarming economic damage stat in the new climate report came from

In the blitz of media coverage following the Trump administration's new climate report, one statistic kept popping up — that by the end of the century, global warming could cost the U.S. 10% of its gross domestic product. This figure has been used to indicate that global warming will inflict massive economic costs on the U.S. if dramatic actions to adapt to climate change and curtail emissions are not taken in the next decade. Critics, including the White House, have seized upon the statistic to paint the report as "radical" and "extreme." Lab's Amir Jina, of the University of Chicago, and co-director Solomon Hsiang, of University of California-Berkeley, provide context for the figure, drawn from the Lab's 2017 study of climage damages.