Researchers from Germany warned existing emissions have already put the world economy on course for a reduction of nearly a fifth within 25 years, a figure that is likely to grow once increasing damage from weather disasters like storms and wildfires are factored in.
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Climate Change Will Cost Global Economy $38 Trillion Every Year Within 25 Years, Scientists Warn
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Global Income Set to Shrink by One Fifth by 2050 Under Climate Change
Researchers from Germany warned existing emissions have already put the world economy on course for a reduction of nearly a fifth within 25 years, a figure that is likely to grow once increasing damage from weather disasters like storms and wildfires are factored in.
Researchers in Germany estimate that climate change will shrink global GDP at least 20% by 2050. Scientists said that figure would worsen if countries fail to meet emissions-cutting targets.
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.
