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posted by Fnord666 on Monday August 26 2019, @06:05AM   Printer-friendly

Prevailing economic research anticipates the burden of climate change falling on hot or poor nations. Some predict that cooler or wealthier economies will be unaffected or even see benefits from higher temperatures.

However, a new study co-authored by researchers from the University of Cambridge suggests that virtually all countries—whether rich or poor, hot or cold—will suffer economically by 2100 if the current trajectory of carbon emissions is maintained.

In fact, the research published today by the National Bureau of Economic Research suggests that—on average—richer, colder countries would lose as much income to climate change as poorer, hotter nations.

Under a "business as usual" emissions scenario, average global temperatures are projected to rise over four degrees Celsius by the end of the century. This would cause the United States to lose 10.5% of its GDP by 2100—a substantial economic hit, say researchers.

Canada, which some claim will benefit economically from temperature increase, would lose over 13% of its income by 2100. The research shows that keeping to the Paris Agreement limits the losses of both North American nations to under 2% of GDP.

Researchers say that 7% of global GDP is likely to vanish by the end of the century unless "action is taken". Japan, India and New Zealand lose 10% of their income. Switzerland is likely to have an economy that is 12% smaller by 2100. Russia would be shorn of 9% of its GDP, with the UK down by 4%.


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  • (Score: 2) by Runaway1956 on Monday August 26 2019, @07:12AM (7 children)

    by Runaway1956 (2926) Subscriber Badge on Monday August 26 2019, @07:12AM (#885549) Journal

    Are you sure about that? Don't tell Nancy Pelosi, or Ruth Bader Ginsberg. Both have been profesionally preserved, with guarantees for 250 years.

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  • (Score: 1, Informative) by Anonymous Coward on Monday August 26 2019, @12:10PM (6 children)

    by Anonymous Coward on Monday August 26 2019, @12:10PM (#885604)
    • (Score: 3, Interesting) by Runaway1956 on Monday August 26 2019, @12:49PM (5 children)

      by Runaway1956 (2926) Subscriber Badge on Monday August 26 2019, @12:49PM (#885612) Journal

      I have heard that. Funny thing about being president, or senator, or congressman - when you're a politician, you're always on the make. Lying, swindling, wheeling and dealing, trying to make some money on everything. Trump? Let's remember, he's not a politician, he's a real estate shyster. He has billions, he doesn't NEED money. Trump is the most relaxed, care-free president ever. No sweat, no anxiety, nada. I don't think that he even cares if he gets re-elected. Plus, he has as good, or better, medical care as all of the congress critters.

      Trump may be a lizard man, I don't really know, but I'm not worried about him not aging.

      • (Score: 0) by Anonymous Coward on Monday August 26 2019, @01:30PM (4 children)

        by Anonymous Coward on Monday August 26 2019, @01:30PM (#885625)

        Possibly related: I just read in a youtube live chat that if Trump wins the next election he is going to rock the world.

        • (Score: 2) by Runaway1956 on Monday August 26 2019, @02:02PM (3 children)

          by Runaway1956 (2926) Subscriber Badge on Monday August 26 2019, @02:02PM (#885630) Journal

          Cool! He's going to start a band? Greatful Deaf?

          • (Score: 0) by Anonymous Coward on Monday August 26 2019, @02:47PM (2 children)

            by Anonymous Coward on Monday August 26 2019, @02:47PM (#885652)

            He is going to Make America Grateful Again: https://www.youtube.com/watch?v=T5J-1rs1LJo [youtube.com]

            • (Score: 2) by Runaway1956 on Monday August 26 2019, @05:53PM (1 child)

              by Runaway1956 (2926) Subscriber Badge on Monday August 26 2019, @05:53PM (#885733) Journal

              If he is telling the truth, he doesn't have long to live now. If he's lying, he may not live long either.

              • (Score: 0) by Anonymous Coward on Monday August 26 2019, @09:17PM

                by Anonymous Coward on Monday August 26 2019, @09:17PM (#885812)

                He said he has given the details to a general, a congressperson, the DOJ, and now is giving us these "hints".