Climate change putting 4% of global GDP at risk, new study estimates

Published by
Reuters UK

By Marc Jones LONDON (Reuters) – Climate change could see 4% of global annual economic output lost by 2050 and hit many poorer parts of the world disproportionately hard, a new study of 135 countries has estimated. Ratings firm S&P Global, which gives countries credit scores based on the health of their economies, published a report on Tuesday looking at the likely impact of rising sea levels, and more regular heat waves, droughts and storms. In a baseline scenario where governments largely shy away from major new climate change policies – known as ‘RCP 4.5’ by scientists – lower- and lower-mi…

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