Moody's, the big Wall Street credit rating agency, believes it can tell the effect of a 2 degree temperature rise on the economy, eighty years from now.   Anyone who believes such a garbage prediction and reprints it has no common sense. But here are some who did:   Moody’s Analytics Says Climate Change Could Cost US$69 Trillion By 2100   The consulting firm Moody’s Analytics says climate change could inflict $69 trillion in damage on the global economy by the year 2100, assuming that warming hits the two-degree Celsius threshold widely seen as the limit to stem its most dire effects. Moody’s says in a new climate change report that warming of 1.5 degrees Celsius, or 2.7 degrees Fahrenheit, increasingly seen by scientists as a climate-stabilizing limit, would still cause $54 trillion in damages by the end of the century.   ...and... Economist Zandi, who predicted a...(Read Full Post)