News & Insights

Cole Porter Was Right: The Economic Cost of Climate Change

December 18, 2014 | by Seth D. Jaffe
Topics Covered: Air, Climate, and Sustainability

There has already been significant discussion of the economic impacts of climate change. Damage from catastrophic events, the cost to build adaptation measures such as sea walls; these have all been examined. Now, a National Bureau of Economic Research Working Paper suggests a much more direct measure. Apparently, we’re just not as productive as the planet warms.

Cole Porter knew what he was talking about.