Global economy loses thousands of USD due to greenhouse gas emission
(VOVWORLD) - A Dartmouth College study found that just five of the world's top emitters of planet-warming gases -- the United States, China, Russia, India, and Brazil -- caused around a 6 trillion USD loss in gross domestic product from 1990 to 2014, adjusted for 2010 dollars, or about 11% of total global GDP.
The study also shows the US and China, the two biggest contributors to the climate crisis, individually caused global economic losses of more than 1.8 trillion USD each during that same period.
The study's authors said this is the first time scientists have connected the dots between one country's fossil fuel emissions and the economic harm those emissions have done to other countries.
The countries that have been hurt the most by the world's largest economies are predominantly in the Southern Hemisphere, the study shows, where the average temperature was already hot even before the climate crisis.