Scientific American: Warming will cost rich and poor countries alike

 

Further coverage of a study by Dr Kamiar Mohaddes, University Senior Lecturer in Economics & Policy at Cambridge Judge Business School, shows the potential effects of climate change on national economies. The study says seven per cent of global GDP will go by 2100 as a result of business-as-usual carbon emissions – including over 10 per cent of incomes in the US and Canada. Dr Mohaddes says the projections “most likely underestimate GDP losses because the study does not take into account the bigger variations in climate extremes expected in the future.”

Read the full article [scientificamerican.com]