It is on us to decide: structural change towards a renewable energy system is needed for our security and will save us money. Staying on the path we are currently on will lead to catastrophic consequences. The temperature of the planet can only be stabilised if we stop burning oil, gas and coal
These near-term damages are a result of our past emissions. We will need more adaptation efforts if we want to avoid at least some of them. We have to cut down our emissions drastically and immediately; if not, economic losses will become even bigger in the second half of the century, amounting to up to 60 per cent of the global average by 2100,
Our study finds that the global economy is committed to an average income loss of 19 per cent by 2049 due to past emissions. This corresponds to a 17 per cent reduction in global GDP."
Countries least responsible for climate change are predicted to suffer income loss that is 60% greater than the higher-income countries and 40% greater than higher-emission countries,
Strong income reductions are projected for the majority of regions, including North America and Europe, with South Asia and Africa being most strongly affected. These are caused by the impact of climate change on various aspects that are relevant for economic growth such as agricultural yields, labour productivity or infrastructure.”
We are providing a more comprehensive picture but this is not the final picture,
The world population is poorer than it would be without climate change,