Climate change could shave off 3% of the world economy, study finds

Africa, South America and the Middle East are likely to be impacted the hardest by climate change, the report states. This is because they have higher average temperatures and smaller economies in size, making them more vulnerable to the impact of climate change.

However, the United States – the world's largest economy, would not escape to the effects of climate change. "The EIU's climate change model calculates that by 2050, the U.S. economy will be 1.1% smaller than it would have been in the absence of climate change," the EIU report said.

Energy Energy Latest News, Energy Energy Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Congressional watchdog warns Trump’s EPA that climate change imperils 60% of Superfund sitesAt least 60% of U.S. Superfund sites are in areas vulnerable to flooding or other worsening disasters of climate change, and the Trump administration’s reluctance to directly acknowledge global warming is deterring efforts to safeguard them, a congressional watchdog agency says.
Source: MarketWatch - 🏆 3. / 97 Read more »