The effects of global warming are expected to depress global income by about $38 trillion every year through 2049.
A new report measuring the economic effects of climate change says we may expect global income to be 19% lower than it would be without global warming over the next 25 years.
An average U.S. or German income could drop by 11%, for example, while a French income may drop by 13%. "The overall impacts are still mainly driven by average warming, overall temperature increases," study lead author Max Kotz told The Associated Press."Those temperature increases drive the most damages in the future because they're really the most unprecedented compared to what we've experienced historically."
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