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August 12, 2022
HR Technologies

Global warming is already having a widespread economic impact

The impact of global warming is rarely included in standard macroeconomic forecasts, even over 20-30 year time horizons. This partly reflects the perception that the economic effects of global warming are unlikely to become significant until the second half of this century and even then, will cost no more than a few percentage points of world GDP. But these conclusions appear to be at odds with the latest scientific findings suggesting we are already experiencing profound alterations to the Earth’s climate, including increases in drought, flooding and extreme weather. These changes are already affecting economic activity, according to a new…
Global warming is already having a widespread economic impact

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