Imagine: Climate Change as an Economic Damage Function

Imagine: Climate Change as an Economic Damage Function

Based on data from the National Centers for Environmental Information (NCEI), and as shown in the two graphs that follow, the global climate is clearly warming. In fact, February 2023 will very likely be designated as the 458th consecutive month in which temperatures, at least nominally, were above the 20th-century average. That means anyone under the age of 38 has—not even once—experienced normal or below-normal monthly temperatures.