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The great (climate) depression

A large dimensional global trade model has been developed by scientists from the American Geophysical Union, the University of Melbourne, the Australia National University, and the CSIRO to better account for various effects of global warming on national incomes for 139 countries. This new economic model shows a US$23 trillion loss in global GDP, with the economies of many countries collapsing, if we allow global temperatures to rise by 4 degrees by 2100.

Read the media release on this link

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