Climate Impacts Set To Cut 2050 Global GPD By Nearly A Fifth

A new study shows that climate change will cause massive economic damage within the next 25 years (Credit: AFP)

Climate change caused by CO2 emissions already in the atmosphere will shrink global GDP in 2050 by about $38 trillion, or almost a fifth, no matter how aggressively humanity cuts carbon pollution, researchers said Wednesday.

But slashing greenhouse gas emissions as quickly as possible remains crucial to avoid even more devastating economic impacts after mid-century, they reported in the journal Nature.