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Extinction Rebellion Global (extinctionr@social.rebellion.global)'s status on Monday, 07-Jul-2025 10:02:18 JST Extinction Rebellion Global

Research from last year estimates that climate disaster costs will be around $38Tn annually with a range of $19-59Tn in 2050. This is around 20% income reduction.
https://www.pik-potsdam.de/en/news/latest-news/38-trillion-dollars-in-damages-each-year-world-economy-already-committed-to-income-reduction-of-19-due-to-climate-change
In conversation about 5 months ago from social.rebellion.global permalink
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1. Projected income changes in 2049 compared to an economy without climate change. Income changes are committed in the sense that they are caused by historical emissions. (Image: Kotz et al., Nature)
  https://social.rebellion.global/system/media_attachments/files/114/789/470/378/746/370/original/db5620d6f68c6747.png
2. Domain not in remote thumbnail source whitelist: www.pik-potsdam.de
  
  38 trillion dollars in damages each year: World economy already committed to income reduction of 19 % due to climate change
  
  17.04.2024 - Even if CO2 emissions were to be drastically cut down starting today, the world economy is already committed to an income reduction of 19 % until 2050 due to climate change, a new study published in “Nature” finds. These damages are six times larger than the mitigation costs needed to limit global warming to two degrees. Based on empirical data from more than 1,600 regions worldwide over the past 40 years, scientists at the Potsdam Institute for Climate Impact Research (PIK) assessed future impacts of changing climatic conditions on economic growth and their persistence.

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