The world economy is committed to an income reduction of 19% within the next 26 years, independent of future emission choices, with committed damages already outweighing the mitigation costs required to limit global warming to 2°C by sixfold over this near-term time frame.
The author argues that global supply chains exacerbate the economic costs of future extreme heat risk by integrating various models to estimate midcentury impacts, highlighting health costs, labor productivity loss, and indirect losses through supply chain disruptions.