The forecast shows that Ireland's GDP could fall by 2.5% by 2030, with even greater contractions expected by 2040 and 2050 due to climate impacts.
The Climate Change Advisory Council stresses that while steps to reduce carbon emissions are essential, Ireland must also adapt to imminent climate change effects.
Projected changes in extreme events are expected to impact health and well-being, revealing that Irish climate change adaptation in business is currently inadequate.
Without urgent adaptation measures, climate change could bring increasing risks and substantial costs, highlighting Ireland's vulnerability to both domestic and international climate effects.
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