The China Mail - Major climate-GDP study under review after facing challenge

USD -
AED 3.672504
AFN 64.500423
ALL 79.681969
AMD 363.314944
ANG 1.790365
AOA 916.999797
ARS 1514.270597
AUD 1.404208
AWG 1.8025
AZN 1.701959
BAM 1.703184
BBD 2.013646
BDT 122.674864
BGN 1.683441
BHD 0.37701
BIF 2995
BMD 1
BND 1.27508
BOB 9.817864
BRL 5.111203
BSD 0.999813
BTN 95.741151
BWP 13.568577
BYN 3.014404
BYR 19600
BZD 2.010772
CAD 1.40303
CDF 2310.000171
CHF 0.820645
CLF 0.024008
CLP 947.969969
CNY 6.695397
CNH 6.691605
COP 3205.21
CRC 447.264035
CUC 1
CUP 26.5
CVE 96.39991
CZK 21.209799
DJF 177.720516
DKK 6.51868
DOP 58.949908
DZD 133.645602
EGP 51.923099
ERN 15
ETB 163.266874
EUR 0.87202
FJD 2.238197
FKP 0.746662
GBP 0.74775
GEL 2.594966
GGP 0.746662
GHS 11.514966
GIP 0.746662
GMD 73.504639
GNF 8754.999955
GTQ 7.630277
GYD 209.132512
HKD 7.845115
HNL 26.838338
HRK 6.571503
HTG 130.669151
HUF 315.358498
IDR 17862
ILS 3.01405
IMP 0.746662
INR 95.71225
IQD 1309.739445
IRR 1374849.9998
ISK 120.510309
JEP 0.746662
JMD 157.569319
JOD 0.709061
JPY 157.357988
KES 129.529788
KGS 87.4495
KHR 4053.999813
KMF 430.000306
KPW 900.000318
KRW 1368.770075
KWD 0.30842
KYD 0.833134
KZT 448.570296
LAK 22430.000368
LBP 89549.999869
LKR 330.474084
LRD 172.850243
LSL 16.250188
LTL 2.95274
LVL 0.60489
LYD 6.354989
MAD 9.545995
MDL 17.560513
MGA 4363.785198
MKD 53.659579
MMK 2099.622693
MNT 3595.947098
MOP 8.079142
MRU 40.059657
MUR 47.659902
MVR 15.459986
MWK 1736.498035
MXN 17.207865
MYR 4.078898
MZN 63.900123
NAD 16.259715
NGN 1326.659854
NIO 36.79288
NOK 9.439299
NPR 153.18619
NZD 1.75111
OMR 0.3845
PAB 0.999726
PEN 3.37493
PGK 4.452592
PHP 62.751038
PKR 277.059879
PLN 3.78986
PYG 5950.431935
QAR 3.654295
RON 4.590197
RSD 102.285964
RUB 83.750725
RWF 1470.6766
SAR 3.755068
SBD 8.000512
SCR 13.941297
SDG 601.500271
SEK 9.836435
SGD 1.275801
SHP 0.747524
SLE 24.649948
SLL 20969.491881
SOS 571.358904
SRD 37.710505
STD 20697.981008
STN 21.335609
SVC 8.747562
SYP 13002.000254
SZL 16.265572
THB 33.218499
TJS 9.222905
TMT 3.51
TND 2.943779
TOP 2.40776
TRY 48.812802
TTD 6.793432
TWD 31.7591
TZS 2639.98298
UAH 44.758256
UGX 3929.235445
UYU 40.171729
UZS 11826.842692
VES 847.485098
VND 26022.5
VUV 117.918556
WST 2.750287
XAF 572.007521
XAG 0.014978
XAU 0.000229
XCD 2.70255
XCG 1.801858
XDR 0.707052
XOF 572.007521
XPF 103.856068
YER 236.550199
ZAR 16.233985
ZMK 9001.202988
ZMW 19.520776
ZWL 321.999592
SSP 5712.013969
MXV 1.950521
  • RBGPF

    -1.6900

    68.3

    -2.47%

  • BCC

    -0.0300

    75.66

    -0.04%

  • NGG

    -0.1200

    76.68

    -0.16%

  • RIO

    -0.3300

    97.04

    -0.34%

  • RYCEF

    -0.0100

    19.99

    -0.05%

  • CMSC

    -0.0400

    20.67

    -0.19%

  • JRI

    -0.0300

    11.52

    -0.26%

  • BCE

    -0.0700

    21.99

    -0.32%

  • RELX

    0.0000

    33.41

    0%

  • CMSD

    0.0900

    20.54

    +0.44%

  • VOD

    0.0700

    17.02

    +0.41%

  • BP

    -1.4200

    43.16

    -3.29%

  • BTI

    -0.0800

    55.75

    -0.14%

  • GSK

    0.8600

    51.08

    +1.68%

  • AZN

    2.0200

    168.1

    +1.2%

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."

O.Yip--ThChM