Global warming will reduce economy by 20% by 2050

Summary: A study in Nature reveals that global warming will reduce the global economy by 20% by 2050, costing six times more than limiting warming to 2°C. Researchers analyzed 40 years of economic data from 1,600 regions, linking climate factors to economic impacts. Lagging effects of temperature and precipitation changes were observed. Uncertainties in climate models limit future economic predictions, with significant impacts expected by 2049.

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