Back

Director's Picks

Climate Change Predicted to Reduce Global Income by 19% by 2050, Study Finds

Summary

Samantha Delouya reports on a new study published in Nature revealing that climate change-induced extreme weather events could lead to a substantial reduction of approximately 19% in global income by 2050. The financial repercussions are expected to impact individuals significantly, with a projected nearly 3-degree increase in global warming within the next century. Despite ongoing climate policies and goals, researchers warn of inevitable short-term financial losses, including damage to property, agriculture, labor productivity, and cognitive ability. The study emphasizes the urgency of immediate actions to mitigate climate change, suggesting that the short-term economic damage already outweighs the cost of addressing the crisis. However, researchers also highlight the potential benefits of adaptation strategies and emphasize the disproportionate impact of climate change on poorer regions, with North America and Europe projected to experience a lower income reduction compared to South Asia and Africa.

discover more

June 10, 2024
Climate Change
Climate Change

A recent industry study reveals that the implementation of carbon capture technology could extend global oil production by 84 years.

June 7, 2024
Climate Change
Climate Change

President Biden's recent decision to pause new Liquefied Natural Gas (LNG) export projects marks a significant move toward addressing climate justice.

June 7, 2024
Economic Justice
Economic Justice

This article examines the role of union workers in the transition to electric school buses, focusing on Blue Bird Corporation's efforts.

June 6, 2024
Climate Change
Climate Change

This article examines the role of artificial intelligence (AI) in improving customer retention for community solar projects.

June 6, 2024
Climate Change
Climate Change

The recent severe storm in Houston has highlighted significant vulnerabilities in Texas' infrastructure and emergency response systems.

June 6, 2024
Climate Change
Climate Change

This article explains the phenomenon of a 'heat dome,' a weather pattern that can lead to dangerously high temperatures.

June 4, 2024
Climate Change
Climate Change

California regulators have recognized significant issues within the state's community solar programs.

June 3, 2024
Climate Change
Climate Change

The article discusses the significant increase in hurricane activity during the summer of 2024, attributed to climate change.

June 1, 2024
Climate Change
Climate Change

The U.S. Department of Health and Human Services (HHS) has launched a new online tool designed to identify communities most affected by extreme heat.

May 31, 2024

A new microgrid project, named Justice Microgrid, has been launched to provide free legal support for low-income households.

May 30, 2024
Climate Change
Climate Change

An opinion piece in The Hill criticizes current carbon capture initiatives as being counterproductive to environmental justice.

May 30, 2024
Climate Change
Climate Change

Grist reports that rising temperatures due to climate change are negatively impacting fertility and pregnancy outcomes.

May 29, 2024

Liu Thai Ker, renowned as the architect of modern Singapore, transformed the city-state's public housing from squalid slums into spacious, affordable high-rises, creating a model

May 29, 2024
Climate Change
Climate Change

The Biden administration plans to implement stricter regulations on the voluntary carbon markets, aiming to enhance the credibility and effectiveness of carbon offset programs.

May 28, 2024

Texas has introduced its first statewide flood plan, estimating that 5 million residents live in flood-prone areas.