CBO Estimates That Climate Change Will Reduce 2050 US Real GDP By One Percent: CBO Slide Presentation

According to CBO's projections (Slide 6, see below), climate change will reduce US Real GDP by an average .03 percent per year from 2020 to 2050 and result in a cumulative reduction of 1 percent in the level of 2050 US Real GDP.

From March 30, 2023, CBO Presentation, "An Overview of CBO’s Role in Assessing Climate Change" by Joseph Kile, CBO’s Director of Microeconomic Analysis, to The Australian Treasury's Macroeconomic Group:

An Overview of CBO’s Role in Assessing Climate Change from Congressional Budget Office