{"id":59280,"date":"2025-12-03T14:21:47","date_gmt":"2025-12-03T14:21:47","guid":{"rendered":"https:\/\/site.itshrt.com\/worldnews\/researchers-lower-estimate-of-drop-in-global-income-due-to-climate-change-as-journal-retracts-study\/"},"modified":"2025-12-03T14:21:47","modified_gmt":"2025-12-03T14:21:47","slug":"researchers-lower-estimate-of-drop-in-global-income-due-to-climate-change-as-journal-retracts-study","status":"publish","type":"post","link":"https:\/\/site.itshrt.com\/worldnews\/researchers-lower-estimate-of-drop-in-global-income-due-to-climate-change-as-journal-retracts-study\/","title":{"rendered":"Researchers lower estimate of drop in global income due to climate change as journal retracts study"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6606220950177433\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- ItShrt World News -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6606220950177433\"\r\n     data-ad-slot=\"1882483372\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\r\n<br \/>\n<\/p>\n<div id=\"article-0\">\n  <!-- lil observer --><br \/>\n      <span class=\"content__observer-marker content__observer-marker--fixed lazyload\"\/><\/p>\n<section class=\"content__body\">\n<p>The authors of a study that examined climate change&#8217;s potential effect on the global economy said Wednesday that data errors led them to slightly overstate an expected drop in income over the next 25 years.<\/p>\n<p>The researchers at Germany&#8217;s Potsdam Institute for Climate Impact Research, writing in the <a href=\"https:\/\/www.nature.com\/articles\/s41586-024-07219-0\" target=\"_blank\" rel=\"nofollow noopener\">journal Nature in 2024<\/a>, had forecast a 19% drop in global income by 2050. Their revised analysis puts the figure at 17%.<\/p>\n<p>The authors also said in their original work that there was a 99% chance that, by midcentury, it would cost more to fix damage from climate change than it would cost to build resilience. Their new analysis, not yet peer-reviewed, lowered that figure to 91%.<\/p>\n<p>The Associated Press reported on the original study. Nature posted a <a href=\"https:\/\/www.nature.com\/articles\/s41586-025-09726-0\" target=\"_blank\" rel=\"nofollow noopener\">retraction <\/a>of it Wednesday.<\/p>\n<p>The researchers cited data inaccuracies in the first paper, particularly with underlying economic data for Uzbekistan between 1995 and 1999 that had a large influence on the results, and that their analysis had underestimated statistical uncertainty.<\/p>\n<p>Max Kotz, one of the study&#8217;s authors, told the AP that the heart of the study is unchanged: Climate change will be enormously damaging to the world economy if unchecked, and that the impact will hit hardest in the lowest-income areas that contribute the fewest emissions driving the planet&#8217;s warming.<\/p>\n<p>Gernot Wagner, a climate economist at Columbia Business School who wasn&#8217;t involved with the research, said the thrust of the Potsdam Institute&#8217;s work remains the same &#8220;no matter which part of the range the true figure will be.&#8221;<\/p>\n<p>&#8220;Climate change already hits home, quite literally. Home insurance premiums across the U.S. have already seen, in part, a doubling over the past decade alone,&#8221; Wagner said. &#8220;Rapidly accumulating climate risks will only make the numbers go up even more.&#8221;<\/p>\n<section class=\"content__body--footer\">\n<\/section>\n<p>  <!-- data-recirc-source=\"chartbeat\" --><\/p>\n<aside class=\"component list recirculation component--type-recirculation component--type-recirculation-collection\">\n<div class=\"component__heading-wrapper recirc\">\n<h3 class=\"component__title\">ClimateWatch: Climate Change News &amp; Features<br \/>\n                          <a href=\"https:\/\/www.cbsnews.com\/feature\/climate-change\/?intcid=CNI-00-10aaa3a\" class=\"component__view-more component__view-more--lg\" data-invalid-url-rewritten-http=\"\"><br \/>\n                More<br \/>\n                <svg viewbox=\"0 0 32 32\" class=\"icon__caret-right\" aria-hidden=\"true\">\n                  <use xlink:href=\"#icon-caret-down\"\/>\n                <\/svg><br \/>\n              <\/a><br \/>\n                      <\/h3>\n<\/p><\/div>\n<\/aside>\n<section class=\"content__body--footer\">\n      <!-- tags --><\/p>\n<section class=\"content__tags\">\n<\/section>\n<\/section>\n<\/section>\n<\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6606220950177433\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- ItShrt World News -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6606220950177433\"\r\n     data-ad-slot=\"1882483372\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/www.cbsnews.com\/news\/climate-study-retracted-researchers-lower-estimate-drop-global-income\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The authors of a study that examined climate change&#8217;s potential effect on the global economy said Wednesday that data errors<\/p>\n","protected":false},"author":1,"featured_media":59281,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[823],"class_list":["post-59280","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world","tag-climate-change"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Researchers lower estimate of drop in global income due to climate change as journal retracts study - World News<\/title>\n<meta name=\"description\" content=\"The researchers, writing in the journal Nature in 2024, had forecast a 19% drop in global income by 2050. 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