Major study on catastrophic cost of climate change retracted - but revised figures remain alarming

A highly publicised study on the catastrophic costs of climate change has been retracted, following heavy criticism of its methodology.

The economic commitment of climate change, which was published in Nature in April last year, has been accessed more than 300,000 times and was cited in a slew of publications, including Forbes and Reuters.

However, yesterday (3 December), researchers at the Potsdam Institute for Climate Impact Research (PIK) admitted that data errors had led them to slightly overstate their findings, adding that the changes are “too substantial” for a correction. It marks the sixth paper to be retracted by the journal Nature this year.

WHAT THE CLIMATE STUDY GOT WRONG

The study originally predicted that CLIMATE CHANGE would trigger a decrease in global income of 19 per