Global income loss due to climate change requires urgent action

Summary: A study predicts a 19% global income loss by 2049 due to climate change, with costs of $38tn annually by mid-century. The impact will be severe in Africa and South Asia, with countries like Iraq facing a 30% income reduction. Transitioning to renewable energy could mitigate these losses, costing six trillion dollars by 2050, far less than the projected damage costs. Structural changes are crucial to stabilize the planet's temperature.

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