Study predicts 19% global income reduction by 2049

Summary: A study by Germany's Potsdam Institute for Climate Impact Research predicts a 19% global income reduction by 2049 due to climate change, with costs potentially doubling by 2100. The poorest nations will suffer a 61% greater loss than the richest. Emission cuts will have minimal impact in the next 25 years, but curbing carbon emissions could limit income loss to 20% or face a 60% hit in a worst-case scenario.

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