New study calculates climate change's economic impact will hit $38 trillion per year by 2049 – World economy already committed to income reduction of 19 percent – World's poorest countries will suffer 61 percent bigger income loss than the richest ones – Desdemona Despair desdemonadespair.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from desdemonadespair.net Daily Mail and Mail on Sunday newspapers.
Climate change to cause 19 percent income drop by 2050, even with CO2 cuts Asia News Network (ANN) is the leading regional alliance of news titles striving to bring the region closer, through an active sharing of editorial content on happenings in the region.
Even if CO2 emissions were to be drastically cut down starting today, the world economy is already committed to an income reduction of 19 per cent until 2050 due to climate change, a new study published in “Nature” finds.
Climate Change To Reduce Global Income By 19% In The Next 25 Years, Study Says natureworldnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from natureworldnews.com Daily Mail and Mail on Sunday newspapers.
Maximilian Kotz, a PIK scientist, said, "Our study finds that the global economy is committed to an average income loss of 19 per cent by 2049 due to past emissions. This corresponds to a 17 per cent reduction in global GDP."