Climate change is already wiping 1.6% pa off global GDP.

Guardian: “Climate change ….iscosting the world more than $1.2 trillion, wiping 1.6% annually from global GDP, according to a new study. …..The 331-page study, entitled Climate Vulnerability Monitor: A Guide to the Cold Calculus of A Hot Planet and published on Wednesday, was carried out by the DARA group, a non-governmental organisation based in Europe, and the Climate Vulnerable Forum. It was written by more than 50 scientists, economists and policy experts, and commissioned by 20 governments.”