Limiting Climate Change Crucial to Avoid Economic Uncertainty and Catastrophe
Limiting climate change to lower levels is crucial due to the increased uncertainty and economic costs associated with higher levels of warming. The more the climate changes, the harder it is to predict its impacts and adapt to them. Economic sectors can handle small changes, but larger shifts may lead to significant costs and uncertainties at the macroeconomic level. Past experiences show that rapid economic changes can have severe consequences. Therefore, higher levels of warming not only result in higher costs but also greater uncertainty, making it harder to plan for and adapt to the impacts of climate change.