Climate Change to Cause $38 Trillion a Year in Damages by 2049

Climate change will inflict losses to the global economy worth an annual $38 trillion by 2049, as extreme weather ravages agricultural yields, harms labor productivity and destroys infrastructure, according to researchers at the Potsdam Institute for Climate Impact Research (PIK). Planetary warming will result in an income reduction of 19 percent globally by mid-century, compared … Continued