On the heels of major Democratic Party donor Bill Gates reversing course by admitting that climate change will not “decimate civilization,” the world’s most prestigious scientific journal, Nature, officially retracted a key pillar of climate alarmism this week, functionally admitting that much of the anti-energy policy pushed by global elites has no basis in fact.

First published in April of 2024, “The Economic Commitment of Climate Change” broke with the already alarmist consensus on global warming by predicting that economic harms from climate change are five to 20 times larger than more widely accepted estimates. Instead of being viewed skeptically, policymakers from around the world eagerly embraced the projections, incorporating its projections into policy prescriptions regarding topics such as finance, energy, trade, and agriculture. According to Carbon Brief, it was the second most referenced climate paper in 2024.