Skip to Content

New study calculates climate change’s economic bite will hit about $38 trillion a year by 2049

AP Science Writer

A new study says climate change will reduce future global income by about 19% in the next 25 years compared to a fictional world that’s not warming, with the poorest areas and those least responsible for heat-trapping gases taking the biggest monetary hit. Wednesday’s study says climate change’s economic bite in the global domestic product is already locked in to be about $38 trillion a year by 2049. By the end of the century, the financial cost could hit twice what previous studies estimate. Poorer nations and those that didn’t cause climate change will take bigger financial hits.

Article Topic Follows: AP National

Jump to comments ↓

Author Profile Photo

Associated Press


KIFI Local News 8 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content