Global warming can cause a drastic collapse in GDP

An ICRR study warns that a possible interruption of supply chains has not been taken into account

Climate change not only affects human health and biodiversity, but new projections made by the Climate Risk and Response Institute (ICRR) in Australia indicate that global warming may pose a serious problem for the world economy. Projections indicate that a global temperature increase of 4 degrees Celsius would mean a drastic collapse in the world’s Gross Domestic Product (GDP). Specifically, the prediction indicates a 40% collapse in GDP by the year 2100. The study, published in the scientific journal Environmental Research Letters, points to the importance of establishing, and legislating, a limitation on global warming, as is done with the Paris Agreements.

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