38 trillion dollars in damages each year: World economy already committed to income reduction of 19 % due to climate change.
A recent study published in “Nature” (https://lnkd.in/e8YAz5vC) reveals alarming projections regarding the economic impact of climate change. The research, conducted by scientists at the Potsdam Institute for Climate Impact Research (PIK), suggests that even with drastic reductions in CO2 emissions, the world economy is poised to suffer a significant income reduction of 19% by 2050.