The salary is in danger and the reason is climate change...but how?

ArabiaWeather - A study published last month reported that climate change will reduce global GDP in 2050 by about $38 trillion, or about 20% , regardless of the strength of efforts made to reduce carbon dioxide emissions into the atmosphere.

However, reducing greenhouse gas emissions as quickly as possible could be key to avoiding more devastating economic consequences after 2050, according to researchers in a study published in the journal Nature.

The study indicates that the economic repercussions resulting from climate change may increase by tens of trillions of dollars annually by the year 2100 if the planet’s temperature rises significantly by more than two degrees Celsius above levels recorded in the mid-nineteenth century.

The researchers concluded that the annual investments needed to limit global warming to below 2 degrees Celsius - the primary goal of the 2015 Paris Agreement - represent a small fraction of the damage that could be avoided.

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The impact of climate change on salaries

The study's lead author, Max Coates, told Agence France-Presse that staying below the 2 degree Celsius threshold "could limit the average regional income loss to 20% compared to 60%" in a high emissions scenario.

For his part, Anders Livermann, a scientist at the Potsdam Institute for Climate Impact Research, explained that

“Countries least responsible for climate change are expected to suffer income losses 60% greater than high-income countries, and 40% greater than countries with the highest emissions.”

The study expects France's incomes to decline by 13% due to climate change by 2050, while Germany and the United States will each witness an 11% decline. The researchers based their expectations on economic and climate data spanning four decades, covering 1,600 regions, rather than relying on country-level data only. This approach enabled them to include factors that caused damage that previous studies had ignored, such as heavy rainfall.

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Sources:

aljazeera