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The real negative impacts of global warming, notwithstanding some hotter summer days, are minor, even decades into the future, when the projected costs do increase. Aearlier this year by President Joe Biden’s Council of Economic Advisers and the Office of Management and Budget summarized a dozen studies on the effect of global warming on U.S. GDP. Their aggregate model estimated global warming since the pre-industrial period has reduced it by something like one-tenth of one per cent.
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