UK Economy Faces Significant GDP Losses by 2100 Under 4°C Warming Scenario

New research indicates that the UK economy could experience damages equivalent to approximately 10% of its gross domestic product (GDP) by 2100 if global warming reaches 4°C. The study, led by James Rising of the University of Delaware, highlights that existing warming has already reduced UK welfare by about 2% of GDP, with half of the projected future damages attributed to catastrophic and missing risks. The report emphasizes that strong mitigation efforts are crucial to substantially limit these economic impacts.