Environment

EcoWatch - Climate change damage worldwide will cost approximately $38 trillion annually by 2050, according to a new study by Germany’s Potsdam Institute for Climate Impact Research. The impacts will be felt all over the world, but will most affect countries that have contributed the least to the climate crisis “Our study highlights the considerable inequity of climate impacts: We find damages almost everywhere, but countries in the tropics will suffer the most because they are already warmer. Further temperature increases will therefore be most harmful there. The countries least responsible for climate change are predicted to suffer income loss that is 60% greater than the higher-income countries and 40% greater than higher-emission countries. They are also the ones with the least resources to adapt to its impacts,” said co-author of the study Anders Levermann, PIK’s head of research department complexity science, in a press release from PIK... “Our analysis shows that climate change will cause massive economic damages within the next 25 years in almost all countries around the world, also in highly-developed ones such as Germany and the U.S., with a projected median income reduction of 11% each and France with 13%,” said study co-author Leonie Wenz, a PIK climate scientist and economist, as The Associated Press reported.

Inside Climate News -  In 1971, President Richard Nixon’s science advisers proposed a multimillion dollar climate change research project with benefits they said were too “immense” to be quantified, since they involved “ensuring man’s survival,” according to a White House document newly obtained by the nonprofit National Security Archive and shared exclusively with Inside Climate News. The plan would have established six global and 10 regional monitoring stations in remote locations to collect data on carbon dioxide, solar radiation, aerosols and other factors that exert influence on the atmosphere. It would have engaged five government agencies in a six-year initiative, with spending of $23 million in the project’s peak year of 1974—the equivalent of $172 million in today’s dollars. It would have used then-cutting-edge technology, some of which is only now being widely implemented in carbon monitoring more than 50 years later.  But it stands as yet another lost opportunity early on the road to the climate crisis. Researchers at the National Security Archive, based at the George Washington University, could find no documentation of what happened to the proposal, and it was never implemented.