Climate Change Amplifies Economic Risks for Wealthy and Poor Alike

New study reveals that while the poorest bear the greatest burden, the economic risks for the rich are increasing at the fastest rate.

Research from the Potsdam Institute for Climate Impact Research shows that erratic weather events intensified by global warming are affecting global production and consumption across all income groups.
Middle-income countries like Brazil and China are highly vulnerable to severe impacts and negative trade effects due to their geographic location and trade dependencies.
The United States is expected to face the largest percentage increase in weather-induced supply chain disruptions over the next 15 years, despite currently low risks.
Climate change is projected to worsen economic risks globally, with ripple effects along supply chains impacting goods and services worldwide.
Adaptation and resilience measures are crucial for mitigating these risks and protecting trade partners, emphasizing the interconnected nature of global economies.