Climate change will reduce future global income by about 19% in the next 25 years compared to a fictional world that’s not warming, with the poorest areas and those least responsible for heating the atmosphere taking the biggest monetary hit, a new study said.
Climate change’s economic bite in how much people make is already locked in at about $38 trillion a year by 2049, according to Wednesday’s study in the journal Nature by researchers at Germany’s Potsdam Institute for Climate Impact Research. By 2100 the financial cost could hit twice what previous studies estimate.
“Our analysis shows that climate change will cause massive economic damages within the next 25 years in almost all countries around the world, also in highly-developed ones such as Germany and the U.S., with a projected median income reduction of 11% each and France with 13%,” said study co-author Leonie Wenz, a climate scientist and economist.
Man arrested after 3 shot to death in central Indiana apartment complex
New scientific experimental samples from China's space station return to Earth
Jamie Laing pays tribute to wife Sophie Habboo as they celebrate their first wedding anniversary
Smart robot designed to repair urban sewage pipelines
Owner of ship in Baltimore bridge collapse asks cargo owners to help cover salvage costs
China ranks second in world in terms of computing power
Ant McPartlin and his pregnant wife Anne
China reveals logos for four crewed space missions in 2024
Clemson guard Chase Hunter enters NBA Draft, but retains eligibility to come back to college
Inside Lily James' idyllic childhood as the daughter of a musician and actress
Video: Escaped circus elephant stops traffic in Montana
Jamie Laing pays tribute to wife Sophie Habboo as they celebrate their first wedding anniversary