Climate Change Reducing Global GDP by $1.2 Trillion

Bloomberg: Climate change and pollution related to carbon-dioxide emissions are reducing the world's gross domestic product by 1.6 percent a year, about $1.2 trillion, according to a report. If unchecked, rising temperatures may cut global GDP by 3.2 percent a year by 2030, according to the Climate Vulnerability Monitor, from by the Madrid-based humanitarian group DARA and the Climate Vulnerable Forum. As the economic impact of climate change grows, so will the cost of curbing it, according to leaders...

URL: http://www.businessweek.com/news/2012-09-26/climate-change-reducing-global-gdp-by-1-dot-6-percent-a-year-report-finds