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Researchers Slightly Lower Study’s Estimate of Drop in Global Income Due to Climate Change
Researchers corrected data errors that overstated a 19% projected global income drop by 2050 to 17%, highlighting underestimated uncertainty in economic impacts of climate change.
- Researchers at Germany's Potsdam Institute for Climate Impact Research revised their forecast of a drop in global income due to climate change from 19% to 17% by 2050, citing data errors as the reason for the change.
- The probability that fixing climate damage will cost more than building resilience has been lowered from 99% to 91%.
- Max Kotz emphasized that climate change will severely harm the global economy, particularly impacting low-income areas with minimal emissions.
- Gernot Wagner mentioned that home insurance premiums in the U.S. have doubled over the last decade due to climate risks, which are expected to increase further.
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25 Articles
25 Articles
Washington Top News+11 Reposted by 11 other sources
Researchers slightly lower study’s estimate of drop in global income due to climate change
The authors of a study that examined climate change’s potential effect on the global economy said Wednesday that data errors led them to slightly overstate an expected drop in income over the next 25 years.
·Washington, United States
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Associated Press News+12 Reposted by 12 other sources
Researchers slightly lower study's estimate of drop in global income due to climate change
Researchers who examined climate change’s potential effect on the global economy say data errors led them to slightly overstate an expected drop in income over the next 25 years.
·United States
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Total News Sources25
Leaning Left9Leaning Right2Center12Last UpdatedBias Distribution52% Center
Bias Distribution
- 52% of the sources are Center
52% Center
L 39%
C 52%
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