According to a new study the current economic impacts of climate change are more than $1.2 trillion a year, or 1.6 percent of the annual global GDP. The 331-page study was launched on September 26th, 2012, it is the second edition of the
Climate Vulnerability Monitor: A Guide to the Cold Calculus of A Hot Planet. The study was produced by the
DARA research center and released at the Asia Society in New York. More than 50 scientists, economists and policy experts contributed to the report which was commissioned by 20 governments.
