Climate change caused by global warming is slowing down world economic output by 1.6 percent a year and will lead to a doubling of costs in the next two decades, a major new report said.
Multiple air-conditioners hang on the outside of a building in Hong Kong in February 2012. Key findings in a Climate Vulnerable Forum report include estimates that carbon-intensive economies and associated climate change are responsible for five million deaths a year, nearly all of them due to air pollution.
The DARA and Climate Vulnerable Forum report, which was commissioned by 20 governments and is due to be presented on Wednesday in New York, paints a grim picture of the economic fallout of climate change.
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