Ocean damage nearly doubles the cost of climate change

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Using greenhouse gas emission predictions, the report estimates the annual damages to traditional markets alone will be $1.66 trillion by 2100.

The study, which began in 2021, brought together scientists from multiple disciplines: Fisheries experts, coral reef researchers, biologists and climate economists. They assessed downstream climate change costs across four key sectors—corals, mangroves, fisheries, and seaports—measuring everything from straightforward market loss of…



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Ocean damage nearly doubles the cost of climate change



Using greenhouse gas emission predictions, the report estimates the annual damages to traditional markets alone will be $1.66 trillion by 2100.

The study, which began in 2021, brought together scientists from multiple disciplines: Fisheries experts, coral reef researchers, biologists and climate economists. They assessed downstream climate change costs across four key sectors—corals, mangroves, fisheries, and seaports—measuring everything from straightforward market loss of…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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