#NegativeGrowth: "Average incomes will fall by almost a fifth within the next 26 years as a result of the #ClimateCrisis, according to a study that predicts the costs of damage will be six times higher than the price of limiting global heating to 2C." theguardian.com/environment/20…
"The hefty toll – which is far higher than previous estimates – is already #locked into the world economy over the coming decades as a result of the enormous emissions that have been pumped into the atmosphere through the burning of gas, oil, coal and trees."
"This will inflict crippling losses on almost every country, with a disproportionately severe impact on those least responsible for #climate disruption, further worsening #inequality." #climateJustice
"The paper says the permanent average loss of income worldwide will be 19% by 2049. In the United States and Europe the reduction will be about 11%, while in Africa and south Asia it will be 22%, with some individual countries much higher than this."