4 degree Celsius rise in global temperatures may cut world GDP by 40 pc: Study

IANS: A team of Australian researchers on Tuesday said that a 4-degree Celsius rise in global temperatures would cut world GDP by around 40 per cent by 2100 - a sharp increase from previous estimates of around 11 per cent.

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New projections by the University of New South Wales (UNSW) Institute for Climate Risk and Response (ICRR), published in the journal Environmental Research fixes a spotlight on the current economic model underpinning global climate poli