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Climate Change to Cause $38 Trillion a Year in Damages by 2049
Climate change will inflict losses to the global economy worth an annual $38 trillion by 2049, as extreme weather ravages agricultural yields, harms labor productivity and destroys infrastructure, according to researchers at the Potsdam Institute for Climate Impact Research (PIK).
Planetary warming will result in an income reduction of 19% globally by mid-century, compared to a global economy without climate change, according to research published in Nature on Wednesday.
Extreme weather ravages agriculture yields causing harm?. 38 trilion in damages by 2049?.
Wow, the climate activists might have some competition with who can cause the most destruction.