Study reveals: Climate change to cost global economy trillions, urgent action needed

“Nature” study predicts $38 trillion annual losses by 2050 from climate change. Global income to drop 19% by 2050 despite CO2 cuts. Urgent emission reductions needed to avert further economic losses.”Nature” study predicts $38 trillion annual losses by 2050 from climate change. Global income to drop 19% by 2050 despite CO2 cuts. Urgent emission reductions needed to avert further economic losses.