People are concerned about climate change:
...a recent 10-country study showing the fears of young people about climate change. Four in 10 are afraid to have children. Almost half said that fears about climate change caused them stress and anxiety in their daily lives.
Its estimated effects will be different for different regions:
...the hottest regions in South America, Africa, India and Australia experience welfare losses of 15% and the coldest regions in Alaska, Northern Canada, and Siberia undergo welfare gains as high as 14%. On average, the world is expected to lose 6% in terms of welfare...
The net estimated effect is negative but very uncertain:
One recent estimate suggests that climate change is likely to destroy about 10% of global welfare ... by the year 2200. To the economist, that is a truly significant quantity of resources. Furthermore, the distribution of those losses may [will] be unfair ...
But the future belongs not to the strong, but rather to the adaptable.
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