2/
Suspicious because it sounds so much like Nordhaus: their outdoor focus on agriculture and mining.
These were also the only 2 sectors where Nordhaus saw harm to "the economy" from climate change.
Also Nordhaus-like suspicious: for them, heat stress only makes humans suffer.
No word of crop losses or loss of insect life due to heat stress.
Change in soil microbe composition and changed soil capillaries makes access to water ever more difficult for plants.
High temperature also drives drought via evaporation, so heat stress also causes drought-related damages in crops, soils, insects,
hinders electricity generation with water, nuclear and fossil fuels,
and disrupts water-dependent industry.
Heat stress and its drought-related stress cause built infrastructure to crumble, damages roads, rail tracks, and buildings.
All this has no impact on "the economy". Because economists don't know it, they still merely juggle with Nordhaus' DICE.
https://www.nature.com/articles/s41586-024-07147-z
#climateEconomics #ClimateChange #Heatwave #heatstress #ExtremeWeather