Potsdam Institute for Climate Impact Research: $38 Trillion in Damages Each Year - World Economy Already Committed to Income Reduction of 19% Due to Climate Change
April 18, 2024
April 18, 2024
POTSDAM, Germany, April 18 (TNSres) -- The Potsdam Institute for Climate Impact Research issued the following news release:
Even if CO2 emissions were to be drastically cut down starting today, the world economy is already committed to an income reduction of 19 % until 2050 due to climate change, a new study published in "Nature" finds. These damages are six times larger than the mitigation costs needed to limit global warming to two degrees. Based on empirical data from m . . .
Even if CO2 emissions were to be drastically cut down starting today, the world economy is already committed to an income reduction of 19 % until 2050 due to climate change, a new study published in "Nature" finds. These damages are six times larger than the mitigation costs needed to limit global warming to two degrees. Based on empirical data from m . . .