It calculates climate change will shave 17 per cent off the global economy’s GDP.
BERLIN – Damage to farming, infrastructure, productivity and health from climate change will cost an estimated US$38 trillion a year by 2050, a German government-backed research finds, a figure almost certain to rise as human activity emits more greenhouse gases.
It calculates climate change will shave 17 per cent off the global economy’s GDP by the middle of the century. While previous studies have concluded climate change could benefit some countries’ economies, PIK’s research found almost all would suffer – with poor, developing nations the hardest hit.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Japan’s elderly population living alone to jump 47% by 2050The number of single-person households is expected to reach 23.3 million in 2050.
Read more »
Rise in Senior Citizens Living Alone in Japan Predicted by 2050The number of senior citizens living alone in Japan is expected to increase by 47% by 2050, putting a strain on the country's social security system.
Read more »
Running Lab's Project Love Sneaker Returns: Donate Old Shoes and Get $50 VoucherRunning Lab has announced the return of Project Love Sneaker, a donation drive where people can hand in their old running shoes and receive a $50 voucher. The initiative, in partnership with SOLES4SOULS, accepts various types of sports shoes and runs from April 1 to 30, 2024.
Read more »
Singapore's GDP Grows 2.7% YoY in 1Q24Singapore's gross domestic product (GDP) grew faster in the first quarter of 2024, increasing by 2.7% year-on-year, according to advance estimates from the Ministry of Trade and Industry (MTI). The goods-producing and services-producing industries both saw expansions, contributing to the overall growth.
Read more »
China’s Q1 GDP growth solid but March data shows feeble demandThe government is aiming for economic growth of around 5 per cent for 2024.
Read more »
‘Weather forecasts’ by kids warning about climate to hit TVs globallyThe UN global campaign sees children calling for action prevent the worst impacts of climate change.
Read more »