Climate to reduce GDP by 1 percent in 2050: government analysis
(WorldNews Environment)

U.S. Gross Domestic Product (GDP) will be 1 percent smaller than it would have been otherwise in 2050 because of climate change, according to a new projection from the nonpartisan Congressional Budget Office (CBO). CBO that between 2020 and 2050, climate change will, on average, reduce GDP growth by 0.03 percentage points each year, culminating in the ultimate 1 percent decrease as of 2050. The projection was calculated using data from 1995 to 2019. Researchers used both the overall...