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Climate Crisis Could Trim 10.5 Percent of GDP in 80 Years, Says New Study

The climate crisis is getting costly. Some of the world's largest companies expect to take over one trillion in losses due to climate change. Insurers are increasingly jittery and the world's largest firm has warned that the cost of premiums may soon be unaffordable for most people. Historic flooding has wiped out farmers in the Midwest.  Now, a new report, warns that the climate crisis will trigger massive global economic losses if greenhouse gas emissions are not drastically curtailed within the next few decades, as the Washington Post reported.  The working paper from the National Bureau of Economic Research found that no country in the world will be spared from the effects of the climate crisis and not a single country will see an economic benefit from it.  Read more....

 

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