Climate change is actually draining our bank accounts. Here's what to do

Estimates for the economic costs of climate change signify a dire outlook, with damages potentially costing between $1.7 trillion and $3.1 trillion globally each year by 2050.

The research indicates that climate change could cut average incomes by nearly 20% over the next 26 years, highlighting the severe financial implications of extreme weather.

A separate analysis projects that extreme weather could result in direct destruction costs up to $38 trillion annually by 2050, marking a drastic economic downturn.

Childhood costs from climate change are estimated to be between $500,000 and $1 million over a lifetime, reflecting the long-term impact this issue has on future generations.

Read at Fast Company