Climate love
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Potsdam Institute for Climate Impact Research

Climate love

For showing that the costs of climate damage far outweighs the investments needed to fix it

Some people still argue that we can’t afford to make the investments neccessary to fix the climate crisis. Wrong. We can’t afford NOT to make these investments. This has been proven – again – in a scientific study published in Nature. According to the study, the costs of climate-change damages could amount to $38 trillion per year by the middle of this century. This means the global economy is projected to lose 19 percent of income per capita within in the next 26 years due to global warming.
These damages already outweigh the mitigation costs required to limit global warming to 2 °C by sixfold.
Extreme weather events, made far more likely by climate change, are costing societies trillions every year.
Extreme weather events, made far more likely by climate change, are costing societies trillions every year.

The study was made by researchers from the Potsdam Institute for Climate Impact Research, Potsdam University, and Mercator Research Institute on Global Commons and Climate Change. It is based on recent empirical findings from more than 1,600 regions worldwide over the past 40 years to project sub-national damages from temperature and precipitation, including daily variability and extremes.
Read the study here:



Do you agree?

17 more agrees trigger social media ads

  • Kaz Shimojo

    4 w

    Construction of the Metropolitan Area Outer Discharge Channel began in March 1993 (Heisei 5), with a partial opening in June 2002 (Heisei 14), followed by the completion of all sections and the opening of all rivers in June 2006 (Heisei 18). https://www.ktr.mlit.go.jp/edogawa/edogawa00576.html The total cost of the project is 230 billion yen, but as of July 2021, it has been in operation for more than 131 flood control operations, an average of 7-8 times per year, and is achieving reasonable results. In recent years, urbanization has been progressing in many parts of the world, and flooding caused by torrential rains has become a problem. The flooding in Dubai the other week was also very serious. The economic benefits of this project are as follows Water treatment during torrential rains Securing water for agriculture Underground water channel power generation Job creation through public works Significant reduction in flood damage restoration costs Society without economic shutdown I believe that this project should be introduced into large-scale urban construction projects around the world, using funds such as Climate Finance.

    3
    • Kaz Shimojo

      4 w

      I am planning a project to restore degraded soils in Africa. This project will not only return organic-form carbon to the soil, but will also increase productivity, convert waste into fertilizer, improve productivity, increase farm incomes, and increase the amount of suberin present in the roots of agricultural products, as well as long-term carbon sequestration through the production of humic substances. The most important feature of the system is the production of compost/organic-form carbon through decomposition and fermentation of waste in 24 hours.

      2
      • zelda ninga

        4 w

        @kaz_shimojo this sounds like a good plan that will benefit the farmers.

        1
      • zelda ninga

        4 w

        Climate change is very costly in many ways, us not tackling the climate change issues now it will cost us more cash to try and deal with climate change matters, so this means we can't afford not to invest in climate change.

        1
        • Sarah Chabane

          4 w

          I mean... if this is not worrying people and world leaders I don't know what could? This is talking in their language: money

          4
          • Ann Nyambura

            5 w

            The longer we wait to take action, the higher the economic toll will be.

            2
            • zelda ninga

              4 w

              @ann_nyambura_54 probably the money wouldn't reverse some of the situation by then.

              1
            • George Kariuki

              5 w

              This is exactly what we need! Science showing us that inaction on climate change is WAY more expensive.

              3
              • We Don't Have Time

                5 w

                Dear Markus Lutteman Your climate love has received over 50 agrees! We have reached out to Potsdam Institute for Climate Impact Research by email and requested a response. I will keep you updated on any progress! To reach more people and increase the chance of a response, click the Share button above to share the review on your social accounts. For every new member that joins We Don't Have Time from your network, we will plant a tree and attribute it to you! /Adam, We Don't Have Time

                3
                • walter lungayi

                  5 w

                  They deserve recognition for shedding light on the significant costs associated with climate damage, emphasizing the urgent need for investment in solutions that address climate change.

                  9
                  • Rukia Ahmed Abdi

                    5 w

                    These findings are enough prove that we can still handle climate change with investments.We just need to make that choice.

                    11
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