This paper projects sub-national economic damages from climate change using empirical findings from over 1600 regions worldwide. It finds a committed income reduction of 19% (likely range 11-29%) within 26 years, irrespective of future emissions. These damages already surpass mitigation costs sixfold, highlighting the urgency of action.
Publisher
Nature
Published On
Apr 17, 2024
Authors
Maximilian Kotz, Anders Levermann, Leonie Wenz
Tags
climate change
economic damages
sub-national impact
income reduction
mitigation costs
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