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Researchers slightly lower estimate of climate changes effect on . . . The authors of a study that examined climate change’s potential effect on the global economy said Wednesday that data errors led them to slightly overstate an expected drop in income over the next 25 years The researchers at Germany’s Potsdam Institute for Climate Impact Research, writing in the journal Nature in 2024, had forecast a 19% drop in global income by 2050 Their revised
Nature Retracts Study Predicting Catastrophic Climate Toll In April 2024, the prestigious journal Nature released a study finding that climate change would cause far more economic damage by the end of the century than previous estimates had suggested The
38 trillion dollars in damages each year: World economy already . . . 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
What is the Economic Impact of Climate Change on Global GDP? They argue in a recent working paper that the economic damages of climate change are likely six times worse than previously estimated A 1-degree Celsius rise in global temperature, they say, would lead to a 12 percent decline in world GDP