COSEE Ocean Systems: News
The economic cost of increased temperatures
Description: Even temporary rises in local temperatures significantly damage long-term economic growth in the world's developing nations, according to a new study. Looking at weather data over the last half-century, the study finds that every 1-degree-Celsius increase in a poor country, over the course of a given year, reduces its economic growth by about 1.3 percentage points. However, this only applies to the world's developing nations; wealthier countries do not appear to be affected. [Source: MIT News]
URL: http://web.mit.edu/newsoffice/2012/the-economic-cost-of-increased-temperatures-0807.html
Availability: Full Text
Source: MIT News
Publish Date: 8/7/2012
Reading Level: Basic
Page Length:  

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