https://www.sciencedaily.com/releases/2022/08/220810134130.htm

A study from the University of California, Davis, published today by IOP Publishing in the journal Environmental Research Letters, addresses this fundamental question, which underlies the costs and benefits of climate change policy. The researchuses an empirical approach to revisit the effect of rising global temperatures and climate change on Gross Domestic Product, or GDP.

It found that economies are sensitive to persistent temperature shocks over at least a 10-year time frame and impacts economic growth in about 22% percent of the countries analyzed.