Damages from climate change may reach 38 trillion. dollars annually until 2050

A toll that is almost certain to rise as human activity emits more greenhouse gases, according to research released today. According to APE-MPE, the economic impacts of climate change are not fully understood and economists often disagree about their extent. The study by the Potsdam Institute for Climate Impact Research (PIK), which is supported by the German government, stands out because of the severity of its findings. It is estimated, among other things, that climate change will reduce global GDP by 17% by the middle of the century. “The world's population is poorer than it would be without climate change,” said Leonie Wentz, a climate data researcher and co-author of the study. “It costs us much less to protect the climate than to not do it,” he added. The cost of measures to limit global warming to 2 degrees Celsius, in comparison […]
Source: News Beast

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