North Sea beaches would replace the Riviera as a vacation destination while fewer in the north would die of cold, crops there would boom, it was reported.
"The more tourists that stay at home or go to other destinations, the larger the distributional impact in Europe will be," says the paper, a copy of which has been obtained by the Financial Times.
While tens of thousands more will die of heat in the south, fewer people will die of cold in the north. 87,000 extra deaths a year would occur annually by 2071, assuming a three degree centigrade temperature rise.