THE MONEY IN FIGHTING CLIMATE CHANGE

Does climate change affect income? New study sees robust link; In the runup to a global climate conference in Paris, study finds evidence that economic performance in all regions is tightly linked to climate change

Pete Spotts, October 21, (Christian Science Monitor)

“If global warming continues unabated, it could slash income around the world by more than 20 percent by century's end, compared with a world without global warming, according to [ Global non-linear effect of temperature on economic production]…Some industrial countries would share in the losses, but the heaviest hits would come to developing countries in the tropics and subtropics, widening an already large gap between rich and poor nations…Overall, 77 percent of the countries on the planet would see per capita income fall…[This is reportedly] the first data-driven evidence that economic performance in all regions is tightly linked to climate…The results are sobering…[E]conomic costs linked to unabated warming are 2.5 to 100 times larger than estimates in previous studies…” click here for more

click to enlarge

Tweet