London — Climate change will cut the average income of people around the world by one-fifth by 2050, according to a new report published in the journal Nature by the Potsdam Institute for Climate Impact Research.
As many parts of the world experience extreme weather, the global impacts of a changing climate are set to cost $38 trillion a year by the middle of the century, the report warns — a reduction in the world's average income of some 19%.
The losses are already locked in, independent of future emission choices, the report says.
Maximilian Kotz, co-author of the report, told VOA there is little the world can do to mitigate the impact.
“What we find is that over t
webdesk@voanews.com (Henry Ridgwell)
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