Climate Change to Exacerbate Global Economic Losses via Supply Chain Disruptions

A new study predicts a net economic loss of up to $24.7 trillion by 2060 due to the cascading effects of climate change on global supply chains.

Projected economic losses from climate change could reach between $3.75 trillion and $24.7 trillion by 2060, factoring in global supply chain disruptions.
The study, led by UCL researchers, is the first to quantify indirect economic losses from climate change on global supply chains.
Economic losses and supply chain disruptions will worsen as global temperatures rise, with the worst-case scenario predicting a 3.9% total GDP loss by 2060.
Developing countries will suffer disproportionate economic losses relative to their carbon emissions, with significant impacts on industries like food production and tourism.
Adapting to extreme heat and building a resilient international trade network are crucial to mitigating these projected economic losses.