Climate change will cost about $38 trillion a year by 2049, a new study calculates
Climate change will reduce future global income by about 19% in the next 25 years compared to a fictional world that’s not warming, with the poorest areas and those least responsible for heating the atmosphere taking the biggest monetary hit, a new study said.
Climate change’s economic bite in how much people make is already locked in at about $38 trillion a year by 2049, according to Wednesday’s study in the journal Nature by researchers at Germany’s Potsdam Institute for Climate Impact Research. By 2100 the financial cost could hit twice what previous studies estimate.
“Our analysis shows that climate change will cause massive economic damages within the next 25 years in almost all countries around the world, also in highly-developed ones such as Germany and the U.S., with a projected median income reduction of 11% each and France with 13%,” said study co-author Leonie Wenz, a climate scientist and economist.
Related articles
Decoding secrets behind the rise of China's NEVs
BEIJING, April 28 (Xinhua) -- Attending China's largest auto show, it is impossible to ignore the po2024-05-01Hamas leader Ismail Haniyeh's 3 sons killed in Israeli raid
Three sons of Ismail Haniyeh, the head of the Hamas Political Bureau, along with his three grandchil2024-05-01A technicolor twist on Yu the Great
For most Chinese, Dayu, or Yu the Great, is a household name. His feats blend myth and history, and2024-05-01- Phasit Wacharatham is keen to explore more coproduction opportunities with Chinese partners.Phasit,2024-05-01
1 military horse under observation, another to recover fully, British Army says
LONDON (AP) — One of the military horses that broke away from their trainers and galloped through th2024-05-01Guyanese president arrives in Chengdu for FISU World University Games
(Xinhua) 13:25, July 27, 2023CHENGDU, July 27 (Xinhua) -- Guyanese President Irfaan Ali on Thursday2024-05-01
atest comment