Climate change will cost about $38 trillion a year by 2049, a new study calculates
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.
Related articles
Vikings seek new deal with Justin Jefferson; star WR absent so far from workouts, AP source says
MINNEAPOLIS (AP) — The Minnesota Vikings have one major piece of roster management remaining on thei2024-05-22Pictured: Wealthy estate agent, 60, with lover, 54, he is accused of murdering at luxury five
A wealthy estate agent has appeared in court accused of murdering his ex fiancée at a luxury hotel u2024-05-22Key recommendations for strengthening the neutrality of the UN agency helping Palestinian refugees
An independent panel that reviewed the neutrality of the U.N. agency helping Palestinian refugees, a2024-05-22Brewers pitcher Wade Miley placed on 15
PITTSBURGH (AP) — Milwaukee Brewers pitcher Wade Miley was placed on the 15-day injured list Monday2024-05-22Guardians ruin Francisco Lindor's Cleveland homecoming, trip Mets 3
CLEVELAND (AP) — Ben Lively had another solid start, David Fry drove in two early runs and the Cleve2024-05-22Defund Columbia: Robert Kraft pulls his money as other donors blast 'f*****g crazy' anti
Billionaire Robert Kraft has pulled his financial support from Columbia University, saying he's lost2024-05-22
atest comment