A German research effort finds that after studying data of the last 40 years from 1600 regions of the world, the increase in temperature will cost $38 trillion between now and 2050, only 25 years into the future. According to the Krauts this is six times the cost of mitigating climate change by no longer burning oil, gas or coal.
The study used both empirical models and CIMP-6 climate simulations as well as historical economic records to arrive at the results. Increased rainfall was also a factor in economic costs.
halternetzeitung.de
Anders Levermann
"Staying on the path we are currently on, will lead to catastrophic consequences. The temperature of the planet can only be stabilized if we stop burning oil, gas and coal," says Anders Levermann, Head of Research Department Complexity Science at the Potsdam Institute and co-author of the study.
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