A new study suggests that the economic impact of climate inaction could be worse than previously thought. Researchers from ETH Zurich found that if global temperatures were to increase by 3C, it could reduce the world’s gross domestic product by around 10%. This scenario would have a particularly devastating effect on less developed countries. On the other hand, if efforts are made to limit global warming to 1.5C by 2050, as outlined in the Paris Agreement, the economic impact could be reduced by about two-thirds.
The study takes into account the impacts of weather extremes and variability, such as temperature spikes and intense rainfall, which can have significant economic consequences. These findings underscore the importance of taking action to mitigate climate change and its effects on the global economy.
It is clear that addressing climate change is not only essential for environmental reasons but also for economic ones. The longer we wait to take meaningful action, the more severe the economic impacts are likely to be. By working together to reduce global greenhouse gas emissions and limit global warming, we can help protect the world’s economy and ensure a more sustainable future for all.
A community-backed currency known as Moxey is gaining popularity among business owners in Louisiana. This…
Longtime TV host Johnny Canales and his wife Nora are addressing rumors about his health…
By early next year at the latest, Klaus Schwab will step down from his executive…
The United Nations Agency for Palestine Refugees in the Near East (UNRWA) has announced the…
C.J. Stroud wasted no time showing off his skills during his second season as the…
Rijo Gómez discussed the advanced capabilities of the 911 system, highlighting its precision in geographic…