Global warming of more than 3°C this century may wipe 40% off the world’s economy, new analysis reveals
- Written by Timothy Neal, Senior lecturer in Economics / Institute for Climate Risk and Response, UNSW Sydney
The damage climate change will inflict on the world’s economy is likely to have been massively underestimated, according to new research by my colleagues and I which accounts for the full global reach of extreme weather and its aftermath.
To date, projections of how climate change will affect global gross domestic product (GDP) have broadly...
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