Data: Potsdam Institute for Climate Impact Research; Chart: Rahul Mukherjee/Axios
Climate change through the middle of this century is likely to be far costlier than thought — to the tune of $38 trillion per year, a new study finds.
Why it matters: The study finds the world economy is already headed for a loss of 19% of income per capita around the globe within the next 26 years due to historical emissions that will continue to warm the planet.
