Major study on catastrophic cost of climate change retracted - but revised figures remain alarming
The study originally predicted that climate change would trigger a decrease in global income of 19 per cent by 2050. Revised analysis now puts the figure at 17 per cent.
Authors of the study also found that there was a 99 per cent chance that by midcentury it would cost more to fix damage from climate change than it would to build resilience. However, the new analysis, which has not yet been peer-reviewed, lowered that figure to 91 per cent.
Keir Starmer and Rachel Reeves seem to be well on track to reduce UK incomes by 19 per cent much earlier than 2050. A substantial UK overshoot seems more likely by 2050, or would that be a substantial undershoot?
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