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

A new study shows that climate change will cause massive economic damage within the next 25 years. Photo: Frederic J. BROWN / AFP/File

Earth's average surface temperature has already climbed 1.2C above that benchmark, enough to amplify heatwaves, droughts, flooding and tropical storms made more destructive by rising seas. Projections are based on four decades of economic and climate data from 1,600 regions rather than country-level statistics, making it possible to include damages earlier studies ignored, such as extreme rainfall.

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