The economic commitment of climate change.

ABSTRACT: Global projections of macroeconomic climate-change damages typically consider impacts from average annual and national temperatures over long time horizons^1-6. Here we use recent empirical findings from more than 1,600 regions worldwide over the past 40 years to project sub-national damages from temperature and precipitation, including daily variability and extremes^7,8. Using an empirical approach that provides a robust lower bound on the persistence of impacts on economic growth, we find that the world economy is committed to an income reduction of 19% within the next 26 years independent of future emission choices (relative to a baseline without climate impacts, likely range of 11-29% accounting for physical climate and empirical uncertainty). These damages already

SUBMITTER: Kotz M 

PROVIDER: S-EPMC11023931 | biostudies-literature | 2024 Apr

REPOSITORIES: biostudies-literature