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
- DENVER (AP) — The Denver Nuggets couldn’t quiet an epic second-half comeback by Minnesota or the noi2024-05-21
China poised for strong recovery in 2023, says Morgan Stanley economist
(Xinhua) 13:08, January 18, 2023NEW YORK, Jan. 17 (Xinhua) -- China's economy is expected to deliver2024-05-21Jointly mapping out new blueprint for global biodiversity conservation
By He Yin (People's Daily) 15:27, December 22, 2022A UN deal aimed at reversing biodiversity loss an2024-05-21Grain reserve base project under construction in Qinhuangdao, north China's Hebei
Photo taken on June 23, 2022 shows the construction site of the Haigang District grain reserve base2024-05-21Storms damage homes in Oklahoma and Kansas. But in Houston, most power is restored
WICHITA, Kan. (AP) — Fast-moving storms with strong winds, large hail and apparent tornadoes swept O2024-05-21To build even closer relations between China, Central Asian countries
By Guo Jiping (People's Daily) 09:30, May 18, 2023Photo shows a night view in Xi'an, northwest China2024-05-21
atest comment