Published 13 days ago

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.

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The Guardian

Climate crisis: average world incomes to drop by nearly a fifth by 2050

The cost of damage will be six times higher than the price of limiting global heating to 2C, study finds

13 days ago·London, United Kingdom

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The Hindu

Climate change could cut global income by 19% in 25 years, finds study

Countries least responsible for climate change and having minimum resources to adapt to impacts are expected to suffer the most

13 days ago·India

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The Independent

New study calculates climate change's economic bite will hit about $38 trillion a year by 2049

A new study says 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 heat-trapping gases taking the biggest monetary hit

13 days ago·London, United Kingdom

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Reuters

Climate change damage could cost $38 trillion per year by 2050, study finds

Damage to farming, infrastructure, productivity, and health from climate change will cost an estimated $38 trillion per year by 2050, German government-backed research finds, a figure almost certain to rise as human activity emits more greenhouse gases.

13 days ago·United Kingdom

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Associated Press News

New study calculates climate change's economic bite will hit about $38 trillion a year by 2049

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

13 days ago·United States

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