Climate change could depress global income by almost 20%, study shows

  • 📰 10News
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 50%

United States United States Headlines News

United States United States Latest News,United States United States Headlines

The effects of global warming are expected to depress global income by about $38 trillion every year through 2049.

A new report measuring the economic effects of climate change says we may expect global income to be 19% lower than it would be without global warming over the next 25 years.

An average U.S. or German income could drop by 11%, for example, while a French income may drop by 13%. "The overall impacts are still mainly driven by average warming, overall temperature increases," study lead author Max Kotz told The Associated Press."Those temperature increases drive the most damages in the future because they're really the most unprecedented compared to what we've experienced historically."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 732. in US

United States United States Latest News, United States United States Headlines

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

Climate Change Will Cost Global Economy $38 Trillion Every Year Within 25 Years, Scientists WarnI am a senior reporter for the Forbes breaking news team, covering health and science from the London office. Previously I worked as a reporter for a trade publication covering big data and law and as a freelance journalist and policy analyst covering science, tech and health.
Source: ForbesTech - 🏆 318. / 59 Read more »

Climate Change Will Cost Global Economy $38 Trillion Every Year Within 25 Years, Scientists WarnI am a senior reporter for the Forbes breaking news team, covering health and science from the London office. Previously I worked as a reporter for a trade publication covering big data and law and as a freelance journalist and policy analyst covering science, tech and health.
Source: Forbes - 🏆 394. / 53 Read more »