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Title: Climate impacts 'to cost world $7.9 trillion' by 2050
Source:The Economic Times
Date:21 November 2019

Climate change could directly cost the world economy $7.9 trillion by mid-century as increased drought, flooding and crop failures hamper growth and threaten infrastructure, new analysis showed 20 November 2019. The EIU (Economist Intelligence Unit) Climate Change Resilience Index measured the preparedness of the world's 82 largest economies and found that based on current trends the fallout of warming temperatures would shave off three percent of global GDP by 2050. Its analysis, which assesses each country's direct exposure to loss as climate change brings more frequent extreme weather events, found Africa was most at-risk, with 4.7 percent of its GDP in the balance.




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