AP: "Researchers slightly lower study’s estimate of drop in global income due to climate change"

by Alexa St. John

Gernot Wagner, a climate economist at Columbia Business School who wasn’t involved with the research, said the thrust of the Potsdam Institute’s work remains the same “no matter which part of the range the true figure will be.”

“Climate change already hits home, quite literally. Home insurance premiums across the U.S. have already seen, in part, a doubling over the past decade alone,” Wagner said. “Rapidly accumulating climate risks will only make the numbers go up even more.”

Quoted in: "Researchers slightly lower study’s estimate of drop in global income due to climate change" by Alexa St. John, Associated Press (3 December 2025).

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