Global warming by 4°C could make world 40% poorer: Study

NewsBytes · last updated April 1, 2025 – 10:03 PM

Mark Lawrence, a climate risk researcher at the University of Adelaide, and a former financial risk manager, found the results of this new study credible.

He suggested that the economic impacts of climate change could be even worse than reported.

Lawrence also stated that “the potential economic benefits of urgent climate policy action have also been significantly understated,” highlighting an urgent need for immediate action against global warming.

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