Climate Change Could Slash Global Wealth by 40%

Douglas McIntyre, Editor-in-Chief at Climate Crisis 24/7, discusses a new study warning that unchecked climate change could make the average person 40% poorer. Previous economic models have underestimated the financial impact of rising global temperatures. With a 4-degree Celsius increase, job loss, business failures, and economic instability could devastate entire regions, with some areas facing an 80% decline in wealth. Climate change is not just an environmental crisis—it is an urgent economic threat.