Even when CO2 emissions had been to be drastically reduce down beginning at present, the world financial system is already dedicated to an earnings discount of 19% till 2050 as a result of local weather change, a brand new research finds. These damages are six instances bigger than the mitigation prices wanted to restrict international warming to 2 levels. Based mostly on empirical information from greater than 1,600 areas worldwide over the previous 40 years, scientists assessed future impacts of adjusting weather conditions on financial progress and their persistence.
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