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bneGREEN: Apocalypse 2050: on course for 15% GDP fall

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By Richard Lockhart in Edinburgh The World is set to see global GDP plummet by a catastrophic 15% by 2050 if current emissions trends are not reined in and global warming reaches 2.2°C by 2050. Oxford Economics warned in the latest report of its Global Climate Service that climate catastrophe was a major threat to the global economy, with cooler countries no longer benefiting from modest warming. Yet the extend of the threat is staggering, with a 15% contraction likely if global emissions paths are followed. Indeed, total economic annihilation could happen if global warming continues at its cu…

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