After US, India to Suffer Highest Economic Damage From Climate Change; CO2 Emissions Cost Nation $210 bn Every Year: Study

Carbon dioxide emissions are costing the Indian economy up to USD 210 billion every year, according to a global study which found that the country is likely to suffer highest economic damage from climate change after the US. Previous research has focused on how rich countries benefit from the fossil fuel economy, while damages accrue primarily to the developing world. However, researchers from University of California San Diego in the US found that the top three counties with the most to lose from climate change are US, India and Saudi Arabia. “The economic damages model indicates that as temperature rises, economic growth in India will slow,” Katharine Ricke, an assistant professor at UC San Diego, told PTI.Read More…