Climate Costs Soar with Temperature Rise

By 2050, projected losses due to climate change could reach as high as 38 trillion U.S. dollars annually, with significant implications for human well-being and economic stability. Current temperature rises of 1.2 degrees Celsius are leading towards a potential increase to 2.7 degrees Celsius within 70 years. This trajectory threatens the stability enjoyed over the last 10,000 years, wherein civilizations thrived at an average temperature around 14 degrees Celsius. Historical data shows that the Earth has not surpassed 2 degrees Celsius in temperature for the last three million years, signifying the urgency to address temperature increases to avoid severe repercussions.