Sticking to lower 1.5C warming limit would protect world economy - UN

(Eco Business, 17 Nov 2016) Savings from economic losses of rising temperatures would be $12 trillion by 2050, or around 10 per cent of the world's GDP.

Limiting global temperature rise to 1.5 degrees Celsius, a goal of the Paris Agreement on climate change, would avoid economic losses by 2050 of $12 trillion, or around 10 per cent of the world’s GDP, compared to staying on the current track of at least 3 degrees of warming, the U.N. Development Programme said on Wednesday.

Sticking to the 1.5 degree limit is feasible, it said in a report for the Climate Vulnerable Forum , a group of more than 40 countries most at risk from climate change.

“1.5 degrees has been a key call of vulnerable countries because it is only that level that will protect the survival of our people and environment,” said Kare Debassa, Ethiopia’s state minister for the environment, at U.N. climate talks in Morocco.

External link

Eco Business, 17 Nov 2016: Sticking to lower 1.5C warming limit would protect world economy - UN