Climate change is exacerbating existing global inequalities, with many high-income countries currently experiencing net gains, including an average increase of 4.7% to the GDP of European countries, said one of the findings of the study.
In simple terms, climate change has already led to a 1.8% global economic loss in 2022, which increases to 6.3% when weighted by population. This disparity highlights the disproportionate impact on different countries and regions.
Since the landmark Rio de Janeiro Summit in 1992, cumulative losses amount to $21 trillion, comparable to the annual GDP of the United States, demonstrating a deteriorating situation that still has no remedy.
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