Reactions: global income could decrease by 19% in two decades due to climate change
The global economy could lose, on average, 19% of income by 2049 due to increased carbon emissions over the past four decades, says an analysis published in Nature. To estimate the future economic damages of climate change, the authors used temperature and precipitation data for 1,600 regions worldwide in the past 40 years. Low-income countries will be more affected by these losses than higher-income countries, the authors warn.
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