Like TURF
Follow TURFApocalyptic 2024 Climate Change Study Retracted
Dec 9, 2025 | Liberty Matters
In April of 2024, three scientists published a study in the scientific journal Nature that claimed the burning of fossil fuels would be apocalyptic and make the world $38 trillion poorer over the next 75 years, a whopping 62% drop in worldwide economic output.
Last Wednesday, the journal retracted the paper because it clearly overestimated the economic toll of climate change. But central banks worldwide had already used the study to create risk management scenarios.
As reported in Just the News, “The impacts of flawed climate research that gets widely circulated can go beyond the walls of academia into the realm of policymaking. The now-retracted study has been cited by organizations influencing policy around the globe, including the World Bank, the Organization for Economic Co-operation and Development, and the U.S. Congressional Budget Office. Sen. Sheldon Whitehouse, D-R.I., cited the study last year and again in July — both times entering it into the Congressional Record.”
When it was published, the legacy media salivated over the study. CNN warned “climate change will make you poorer.”
The Guardian, Reuters, Forbes and the Associated Press reported on the study claiming the damage would all occur within 25 years, not at the end of this century.
This past summer, the climate study authors – Maximilian Kotz, Anders Levermann and Leonie Wenz of the Potsdam Institute in Germany – reviewed and amended the paper in light of the critical findings, but the Journal decided to retract the entire study last week when they later acknowledged that their errors were “too substantial for a correction.”
Unfortunately, the Network for Greening the Financial System (NGFS), a global network of central banks and financial advisors with more than 150 members across nearly 90 countries, including the Bank of China, the European Central Bank, the Bank of England, and even the Federal Reserve, used the information to update its scenarios modeling the expected economic impact of climate change.
President Trump’s actions on climate change and related issues altered the use of this information used by the Federal Reserve earlier this year.
The NGFS on Wednesday of last week, issued the following statement: “The NGFS will keep monitoring developments in this critical area of research and an updated methodology will be used for the next iteration of long-term scenarios, to be published at the end of 2026.”
Despite the retraction of this major study that influenced the entire world on their doomsday climate narrative, the legacy media continues to report the hoax as truth.
Just the News stated “The Associated Press covered the retraction, but the report focuses on the authors’ new analysis, which is not yet peer-reviewed. Only halfway down the article does the news agency’s reporter mention the retraction.”
Interestingly, they also report that the “Associated Press received $8 million from climate advocacy groups in 2022 directly in support of its climate and energy reporting. These political advocacy groups include the William and Flora Hewlett Foundation, Quadrivium and the Rockefeller Foundation, which has pledged over $1 billion between 2023 and 2028 to eliminate the use of fossil fuels.”
As many honest scientists have continuously said, science is not research that justifies conclusions, yet that’s exactly what all these climate alarmists continue to do. They predict the future based on models and their own beliefs to justify their existence, continue to collect pro-climate funding, and perpetuate the hoax.
Watch Mark Morano with CFACT on Fox News discussing this bogus study.