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Environmental Damage Could Cost You a Fifth of Your Income Over the Next 25 Years

Environmental Damage Could Cost You a Fifth of Your Income Over the Next 25 Years
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Climate change to cause $38 trillion a year in damages by 2049, says PIK | Laura Millan

Climate change will inflict losses to the global economy worth an annual $38 trillion by 2049, as extreme weather ravages agricultural yields, harms labor productivity and destroys infrastructure, according to researchers at the Potsdam Institute for Climate Impact Research (PIK). Planetary warming will result in an income reduction of 19%…

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Climate impacts set to cut 2050 global GDP by nearly a fifth

PARIS Climate change caused by carbon dioxide emissions already in the atmosphere will shrink global gross domestic product in 2050 by about $38 trillion, or almost a fifth, no matter how aggressively humanity cuts carbon pollution, researchers said Wednesday. But slashing greenhouse gas emissions as quickly as possible remains crucial to avoid even more devastating economic impacts after midcentury, they reported.

New yorkUnited statesFrance generalCity ofUnited kingdomLeonie wenzGernot wagnerAnders levermannMax kotzBob wardGrantham research institute on climateColumbia business schoolPotsdam institute for climate impact researchWorld bankPotsdam instituteClimate impact research

Global Income Set to Shrink by One Fifth by 2050 Under Climate Change

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.

United statesCity ofUnited kingdomFrance generalNew yorkBob wardGernot wagnerMax kotzAnders levermannLeonie wenzPotsdam institute for climate impact researchGrantham research institute on climateColumbia business schoolWorld bankPotsdam instituteClimate impact research

Climate Change to Cause $38 Trillion a Year in Damages by 2049

Climate change will inflict losses to the global economy worth an annual $38 trillion by 2049, as extreme weather ravages agricultural yields, harms labor

United statesAnders levermannLeonie wenzPotsdam institute for climate impact researchPotsdam instituteClimate impact research

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