Author Correction: The economic commitment of climate change
Author Correction: The economic commitment of climate change | Nature
Correction to: Nature https://doi.org/10.1038/s41586-024-07219-0 Published online 17 April 2024
In the version of the article initially published, values in every second row in Extended Data Table 2 and Supplementary Tables 2–4 were wrongly printed as a decimal, rather than a percentage point. These values have been updated online. Ref. 21 was missing an author and has also been updated. The authors apologise for any confusion caused. These corrections do not affect any of the results of the manuscript.
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Kotz, M., Levermann, A. & Wenz, L. Author Correction: The economic commitment of climate change. Nature (2024). https://doi.org/10.1038/s41586-024-07732-2
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DOI: https://doi.org/10.1038/s41586-024-07732-2
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Related Knowledge Center: Climate economics
Climate change is now a driver of the world’s economy. The impact is profound:
- Catastrophic weather events — hurricanes, floods, droughts, high temperatures — are more frequent and more extreme. The cost can be measured in both the initial damage caused and the longer-term impact on the economy.
- Vulnerable communities are increasing climate-related investments, hardening infrastructure and taking other protective measures.
- Investment in carbon capture and storage technologies is increasingly rapidly.
- Governments are making investments and crafting regulations to reduce emissions of carbon dioxide and other greenhouse gases.
On top of all of this is the cost of uncertainty. As the Fourth National Climate Assessment, released in 2018 by the U.S. Global Change Research Program, says, “The assumption that current and future climate conditions will resemble the recent past is no longer valid.”