US EditionClimate change damage could cost $38 trillion per year by 2050, study finds
- The cost of climate damages is six times higher than mitigation measures to limit global warming to 2C, with projected annual costs of €38 trillion by 2050.
- Even with drastic CO2 emissions reductions, climate change effects will reduce world income by 19% in 26 years.
- In a worst-case scenario, annual losses could reach $59 trillion and incomes may be 60% lower, leading to a permanent income reduction for most regions.
70 Articles
70 Articles
Climate Crisis To Cost World $59 Trillion in Worst-Case Scenario, Study Finds
A new study published in Nature suggests that even with significant reductions in CO2 emissions starting today, the global economy is poised to experience a 19% decrease in income by 2050 due to the impacts of climate change. According to the study, the economic damages are six times greater than th
Climate Crisis to Cost Global Economy $38 Trillion a Year by 2050
The climate crisis will shrink the average global income 19% in the next 26 years compared to what it would have been without global heating caused primarily by the burning of fossil fuels, a study published in Nature Wednesday has found. The researchers, from the Potsdam Institute for Climate Impact Research (PIK), said that economic shrinkage was largely locked [...]
Climate Change Will Cost $38 Trillion a Year. Who Will Pay for It?
Climate change is on track to cause $38 trillion worth of damages worldwide by 2049. That’s according to a study published this week in Nature by researchers at Germany’s Potsdam Institute for Climate Impact Research. That outcome is likely regardless of how quickly emissions are reduced before then, as the “net benefits of mitigation only emerge in the second half of the century.” Failing to take adequate action before midcentury could increase…
Con le temperature medie globali in aumento, i costi dei cambiamenti climatici potrebbero provocare un calo del reddito della popolazione mondiale, che potrebbe raggiungere una diminuzione del 19 per cento entro i prossimi 25 anni. A elaborare queste preoccupanti stime uno studio, pubblicato sulla rivista Nature, condotto dagli scienziati del Potsdam Institute for Climate Impact Research. Il gruppo di ricerca, guidato da Leonie Wenz, ha realizza…
Climate change could lead to losses worth $38 trillion every year by 2050, study warns
A new study warns that climate change could cut global economic output by 20 per cent by 2050. Researchers from the Potsdam Institute for Climate Impact Research (PIK) published their findings in Nature on Wednesday (April 18). As per the PIK’s calculations, countries meet ambitious emission-cutting goals, but as many of them fall short, the actual damage could be even worse.
Global Income Set to Shrink by One Fifth by 2050 Under Climate Change
Climate change caused by CO2 emissions already in the atmosphere will shrink global GDP in 2050 by about US$38 trillion, or almost a fifth, no matter how aggressively humanity cuts carbon pollution, researchers said Wednesday.
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