Bhubaneswar, April 25 -- A recent study published in theNaturejournal projects a significant economic impact from climate change by 2050. The global economy is estimated to face a 19% income loss, with India expected to bear a 22% reduction, higher than the global average by three percent.

The study, conducted by researchers from the Potsdam Institute for Climate Impacts Research in Germany, highlights a staggering annual global loss of $38 trillion by 2050, even with substantial reductions in carbon dioxide emissions.

The repercussions span various regions, including North America and Europe, with South Asia and Africa facing the most severe consequences. Factors such as reduced agricultural yields, lower labor productivity, and infras...