We are Heading to Planetary Insolvency: Climate Disruption Can Wipe Out Half of GDP by 2070 скачать в хорошем качестве

We are Heading to Planetary Insolvency: Climate Disruption Can Wipe Out Half of GDP by 2070

We are Heading to Planetary Insolvency: Climate Disruption Can Wipe Out Half of GDP by 2070 Please donate to http://PaulBeckwith.net to support my research and videos connecting the dots on abrupt climate system mayhem. Check out my Paul Beckwith store for merchandise with my climate sayings printed: https://paulbeckwithstore.com/ By 2070, we can suffer a devastating loss of 50% or more to global GDP. I would say this is a gross underestimate, but a recent report from January 2025 has this 50% loss conclusion. Inside Climate News article: An Economist’s Dire Forecast About Just How Much Climate Change Will Impact GDP Modeling shows an estimated loss of global GDP of up to 50 percent in coming decades—unless we make changes now. Interview by Jenni Doering, Living on Earth February 22, 2025 https://insideclimatenews.org/news/22... PreventionWeb links to report: Planetary Solvency: Finding our Balance with Nature https://www.preventionweb.net/publica... Direct link to report from Exeter University (Tim Lenton's report): Global risk management for human prosperity Planetary Solvency: Finding our Balance with Nature https://actuaries.org.uk/document-lib... WMO report on severe weather impacts around the world in 2024: great summary https://wmo.int/sites/default/files/2... Peer-reviewed paper: The economic commitment of climate change Abstract Global projections of macroeconomic climate-change damages typically consider impacts from average annual and national temperatures over long time horizons. Here we use recent empirical findings from more than 1,600 regions worldwide over the past 40 years to project sub-national damages from temperature and precipitation, including daily variability and extremes. Using an empirical approach that provides a robust lower bound on the persistence of impacts on economic growth, we find that the world economy is committed to an income reduction of 19% within the next 26 years independent of future emission choices (relative to a baseline without climate impacts, likely range of 11–29% accounting for physical climate and empirical uncertainty). These damages already outweigh the mitigation costs required to limit global warming to 2 °C by sixfold over this near-term time frame and thereafter diverge strongly dependent on emission choices. Committed damages arise predominantly through changes in average temperature, but accounting for further climatic components raises estimates by approximately 50% and leads to stronger regional heterogeneity. Committed losses are projected for all regions except those at very high latitudes, at which reductions in temperature variability bring benefits. The largest losses are committed at lower latitudes in regions with lower cumulative historical emissions and lower present-day income. Link: https://www.nature.com/articles/s4158... UK government web site article: Actuaries highlight the increasing risk of Planetary Insolvency https://www.gov.uk/government/news/ac... Solvency II report https://www.lcp.com/en/insights/publi... The Solvency II Actuary https://www.actuaries.org/astin/collo... Actuaries UK organization: Planetary Solvency: Risks and Recommendations https://actuaries.org.uk/document-lib... KPMG: Frontiers in Finance Report https://assets.kpmg.com/content/dam/k... Analysing 2023 Solvency and Financial Condition Reports (SFCR) of life insurers in Europe and the UK https://www.milliman.com/en/insight/2... Bank of England: Solvency II information https://www.bankofengland.co.uk/prude... Please donate to http://PaulBeckwith.net to support my research and videos connecting the dots on abrupt climate system mayhem. Check out my Paul Beckwith store for merchandise with my climate sayings printed: https://paulbeckwithstore.com/