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Climate change caused by CO2 emissions already in the atmosphere will shrink global GDP in 2050 by about US$38 trillion, or almost a fifth, no matter how aggressively humanity cuts carbon pollution, researchers said Wednesday.

Climate change will inflict losses to the global economy worth an annual $38 trillion by 2049, as extreme weather ravages agricultural yields, harms labor

Maximilian Kotz, a PIK scientist, said, "Our study finds that the global economy is committed to an average income loss of 19 per cent by 2049 due to past emissions. This corresponds to a 17 per cent reduction in global GDP."

The negative impact of climate change on agricultural yields, labour productivity and infrastructure will cost the world an estimated $38tn annually by 2050, scientists at the Potsdam Institute for Climate Impact Research (PIK) have said.

Countries least responsible for climate change may see 40 percent greater income loss than higher-emission countries.

The world likely notched its warmest February on record, as spring-like conditions caused flowers to bloom early from Japan to Mexico, left ski slopes bald of snow in Europe and pushed temperatures to 100 degrees Fahrenheit (38 C) in Texas. While data has not been ...

While data has not been finalised, three scientists told Reuters that February is on track to have the highest global average temperature ever recorded for that month, thanks to climate change and the warming in the Eastern Pacific Ocean known as El Nino

The world likely notched its warmest February on record, as spring-like conditions caused flowers to bloom early from Japan to Mexico, left ski slopes bald of snow in Europe and pushed... -February 29, 2024 at 05:18 am EST - MarketScreener

The world likely notched its warmest February on record, as spring-like conditions caused flowers to bloom early from Japan to Mexico, left ski slopes bald of snow in Europe and pushed temperatures to 100 degrees Fahrenheit (38 C) in Texas.

February is on track to have the highest global average temperature ever recorded for that month, thanks to climate change.