Global economy could shrink 40% if planet warms by 4C, new study says
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A global rise of 4C could shrink the world’s economy by 40%
- A new study reveals that a 4C increase in global temperatures could shrink the world economy by 40 per cent by 2100, four times higher than previous estimates.
- The study highlights the interconnectedness of global economies, emphasising that climate-related disruptions in one region can trigger chain reactions elsewhere.
- Previous models, which focused solely on local weather impacts, underestimated the economic consequences of climate change.
- The research suggests that no nation is immune to economic losses, even those previously thought to benefit from warming.
- The study reinforces the urgency of decarbonisation, advocating for deeper emission cuts to align with the Paris Agreement's most ambitious goal.