UNCTAD Warns Climate Change Could Cost 10% of Global GDP, 17% in Low-Income Nations

UNCTAD released a warning that climate change could impose economic losses equivalent to 10% of global GDP, with low-income equatorial countries facing up to 17% losses. The report calls for enhanced climate cooperation and action, but specific methodology and timeline remain unspecified. This adds to a growing body of economic impact assessments, reinforcing the long-term fiscal and growth risks from climate change.

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