Climate damage kills economic growth, now
The fact that climate damage also impacts the economy has long been evident, with numerous studies addressing this issue. However, the findings often lack clarity, as they involve significant sums spread over long time horizons. A new report adds to this discourse, concluding that in fifty years, half of economic value could be consumed by climate-related costs. Yet, these studies share a critical flaw: they focus on averages, which fail to reflect the urgency and severity of the real-world situation. The reality is far graver and more immediate than these models suggest.
