ECONOMISTS WEIGH IN ON THE MERITS OF NET-ZERO CLIMATE GOALS: SURVEY


31/03/2021




Aslıhan DOĞRU -TDO- A joint statement by international economists said that climate change could cause $1.7 trillion a year in economic damage by 2025 and $30 trillion a year by 2075, and therefore action is needed to reduce emissions.

The results of a survey of 738 economists from New York University's Policy Institute who live in different countries and specialize in climate change were announced with a study titled "Gauging Economic Consensus on Climate Change".

Economists' concerns about the costs of climate change increased after the last survey in 2015, according to the study.

According to about 74% of economists, urgent and effective action is needed to reduce emissions.

According to 89% of economists, climate change will increase income inequality between countries, and according to 70%, inequality within countries will increase with the warming of the Earth.

According to 76% of economists, climate change will negatively affect the growth rate of the global economy as well as its economic losses.


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