The results obtained by researchers coordinated by Leonie Wenz indicate that the world economy will see a reduction in income of approximately 19 % by 2049 compared to a scenario in which climate change is absent: damage that is already six times greater than the costs associated with reducing and mitigating global warming, as is stipulated in the Paris Climate Agreement. "The advantage of this study is that it shows that the consequences of the climate crisis will appear already in 2050, that is, not in the distant future. In addition - adds Lamperti - the estimate is independent of the emission reduction policies that can be implemented, the decline in income will occur in any scenario, and this emphasizes the urgency of finding adaptation policies that are often left aside in the public debate. The model suggests that economic losses will affect all regions of the globe, except for those in high latitudes such as Alaska, Greenland, Scandinavia and northern Russia, where higher temperatures will have a positive effect on incomes. (More on interris.it)
How the climate crisis will affect the global economy
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