Rise in coastal flooding could cost the world 20% of GDP
New report says worst-case scenario could jeopardise up to a fifth of the world's economic output by 2100
30 July 2020 - 21:04
London — Failure to rein in climate change and bolster sea defences could jeopardise up to a fifth of the world's economic output by the end of the century, as flooding threatens coastal countries worldwide, according to a study released on Thursday.
From Bangladesh and India to Australia and the UK, rising sea levels already are leading to more frequent and extreme flood events. With climate change causing polar ice to melt and ocean waters to expand, economists have sought for years to put a figure on the future potential damage...
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