Climate Change Costs Explode

Image: PixabayImage: Pixabay
Economic and non-economic damage costs in a ‘business as usual’ scenario rise to US$31 trillion per year.

Official Press Release CDP:

CDP and UCL report climate change costs to reach US$31 trillion a year if emissions not urgently reduced

Summary report, titled “Costing the Earth - Climate Damage Costs and GDP”, shows sharply rising climate change related economic and non-economic damage costs in a ‘business as usual’ scenario to US$31 trillion/year / By contrast, a Paris Agreement-aligned scenario - where temperatures are kept to 2°C above pre-industrial levels, results in these damages peaking at US$1.8 trillion/year in 2070

A first-of-its-kind report released today by CDP, a non-profit which runs the global environmental disclosure platform, and University College London (UCL) has modelled the mean damage costs of ‘business as usual’ action on climate change at $5.4 trillion a year by 2070 and $31 trillion a year by... ... More: Official Press Release CDP

CDP, UCL, report, climate change, costs, explosion, economic, GDP, model, business as usual, mitigation action

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