Climate change to cripple world economy in 25 years: Study
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A study conducted by the Potsdam Institute for Climate Impact Research (PIK) in Germany warns that climate change could lead to a 19% drop in average global income over the next 25 years. The research, published in Nature, indicates that nations with minimal contribution to climate change and limited resources will suffer most from this economic fallout. PIK scientist Maximilian Kotz stated, "The global economy is committed to an average income loss of 19% by 2049 due to past emissions."
