Climate Change May Devastate Economies

Bloomberg News: “In the absence of efforts to curb greenhouse gas emissions, the earth could warm by 2 degrees Celsius by 2050, cutting global gross domestic product by 2.5% to 7.5%, Oxford estimates, with the worst affected countries being in Africa and Asia. Longer term, a rise in temperatures of 4 degrees by 2100 could cut output by as much as 30%.”