EU Global Warming Damages Are Seen Reaching $259 Billion
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Climate damages in the European Union from global warming could rise to at least 190 billion euros ($259 billion) a year in the 2071-2100 period, a study by the 28-nation bloc found.
Net welfare loss could be 1.8 percent of current gross domestic production if no further action is taken and global temperatures rise 3.5 degrees Celsius (6.3 degrees Fahrenheit), the EU’s Joint Research Centre, the science service of the European Commission, wrote in an online statement today.