The global economy cannot avoid a reduction in its income by 2025 irrespective of how it deals with future emissions, a recent study has established. Specifically, a 19 per cent reduction in income is projected, even with immediate and drastic reductions in CO₂ emissions. This reduction is six times larger than the costs required to limit global warming to 2°C under the Paris Climate Agreement, the study published in the journal Nature said. The projection of reductions in income of 19 per cent may appear large. But it arises owing to the fact that projected changes in climatic conditions are much larger than those that were experienced historically, particularly for changes in average temperature, the study titled 'The economic commitment of climate change,' says.

Source: https://www.newindianexpress.com/