An enlightening book I read on this topic is "False Alarm: How Climate Change Panic Costs Us Trillions, Hurts the Poor, and Fails to Fix the Planet" by Bjorn Lomborg.
The book explores the cost of: doing nothing to fight climate change vs doing everything to fight climate change vs doing something in the middle that optimizes global GDP (the book uses GDP as a "human welfare" metric).
My biggest take away from the book is that regardless of global temperature increases through the end of the century, global GDP is still projected to grow A TON. But because of the temperature increase, global GCP will grow _slightly_ less (like a few % less) that it otherwise would have. The wrong policies could cost GDP growth more than the temperature increase will.
The book explores the cost of: doing nothing to fight climate change vs doing everything to fight climate change vs doing something in the middle that optimizes global GDP (the book uses GDP as a "human welfare" metric).
My biggest take away from the book is that regardless of global temperature increases through the end of the century, global GDP is still projected to grow A TON. But because of the temperature increase, global GCP will grow _slightly_ less (like a few % less) that it otherwise would have. The wrong policies could cost GDP growth more than the temperature increase will.