Climate 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.
Insights by Ground AI
Does this summary seem wrong?
Coverage Details
Total News Sources0
Leaning Left18Leaning Right6Center33Last UpdatedBias Distribution58% Center
Bias Distribution
- 58% of the sources are Center
57% Center
L 32%
C 57%
11%
Factuality
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
