Study Predicts Up to $24.7T Loss by 2060 from Climate's Blow to Supply Chains

March 15, 2024
Study Predicts Up to $24.7T Loss by 2060 from Climate's Blow to Supply Chains
  • A study from King's College London predicts significant economic damage from climate change on global supply chains, with a potential for economic stagnation.

  • Manufacturing-reliant nations such as China and the US are particularly at risk of supply chain disruptions due to climatic events.

  • Economic losses due to these disruptions may range from $3.75 trillion to $24.7 trillion by 2060.

  • Climate-induced extreme weather and droughts are impacting vital trade routes, causing economic instability, particularly in the Americas.

  • The study calls for increased global cooperation in adapting to climate change to avoid cascading economic effects.

  • Climate change is flagged as the most significant disruptive force leading to rising costs, inflation, and social challenges.

  • Researchers warn of exponential increases in economic losses with further global warming, advocating for strengthened global supply chain collaboration.

Summary based on 2 sources


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Sources


Drought, disruption and climate disaster

Counterfire • Mar 15, 2024

Drought, disruption and climate disaster

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