Climate change caused by CO2 emissions already in the atmosphere will shrink global GDP in 2050 by about $38 trillion, or almost a fifth, no matter how aggressively humanity cuts carbon pollution, researchers said Wednesday.

Cost of environmental damage will be six times higher than price of limiting global heating to 2C, study finds

Study warns of trillion annual cost of climate change by 2050, urging global action to mitigate impacts and reduce economic losses.

It could also cut 19% off per capita national incomes through 2049, the study finds.

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