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Climate impact of a transatlantic flight could cost global economy $3,000
(The Guardian, 6 Sep 2021) Economic cost of climate crisis has cut 37% from global GDP this century, say researchers
A return flight from the UK to New York could cost the global economy more than $3,000 (£2,170) in the long run, owing to the effects of the climate crisis, according to a report.
Researchers examined the economic cost of the climate crisis and found it would cut about 37% from global GDP this century, more than twice the drop experienced in the Great Depression.
For every tonne of carbon dioxide emitted, the global economy would be $3,000 worse off by the end of the century, they estimated.
The research was conducted by experts from Cambridge University, University College London and Imperial College London, as well as international partners from Switzerland, Germany, the US and Austria.
Most estimates had assumed fires, floods, droughts and other impacts of the climate crisis did not affect economic growth, the authors said, but there was “mounting evidence to the contrary”.
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The Guardian, 6 Sep 2021: Climate impact of a transatlantic flight could cost global economy $3,000
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