(Bloomberg) -- The economic cost of climate change will likely be much more severe than previously feared, as fresh data informs models used to predict the most probable outcomes.Most Read from BloombergFrom Housing to Immigration, Key Ballot Initiatives and Local Races to FollowParis Restricts Through Traffic in City CenterIstanbul Tries Free Public Transit to Help Job SeekersIn Warsaw, Falling Road Deaths Signal a Traffic Safety TurnaroundTaking the latest available climate data into account,