Economic Impact of Climate Change: A New Perspective

March 30, 2025

The economic impact of climate change is becoming increasingly evident as recent studies reveal alarming projections, showing that the costs associated with a warming planet may be six times greater than earlier estimates.As global temperatures rise, economists are warning that the economic toll climate change imposes could result in significant declines in GDP, with a staggering 12 percent decrease projected for every additional degree Celsius of warming.
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