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This paper combines historical evidence with national-level climate and socioeconomic projections to quantify the economic damages associated with the United Nations (UN) targets of 1.5 °C and 2 °C global warming, and those associated with current UN national-level mitigation commitments. They found that by the end of this century, there is a more than 75% chance that limiting warming to 1.5 °C would reduce economic damages relative to 2 °C, and a more than 60% chance that the accumulated global benefits will exceed US$20 trillion under a 3% discount rate (2010 US dollars).
After decades of dysfunction that have exacerbated chronic water problems, California is on the cusp of a new era due to historic groundwater legislation. However, meeting the law’s goals will require overcoming stubborn systemic obstacles, according to a report by researchers at Stanford’s Water in the West program and the Gould Center for Conflict Resolution at the Stanford Law School.