Poverty Increases as The World Warms

A new study published by Australian scientists on March 31st reveals that average income per person could drop by 16% globally even if global warming is limited to 2°C—far worse than previous estimates of a 1.4% decline. Scientists now project temperatures will rise by 2.1°C even if countries meet climate targets, underscoring the urgent need for action. The findings suggest the economic benefits of ambitious climate policies have been severely underestimated. With the cost of living a top global concern, transitioning to affordable renewables offers a double benefit—solar and wind power are now cheaper than fossil fuels, immediately reducing energy bills while also preventing longer term hits to income and productivity caused by global heating.

Anne Jellema, Executive Director of 350.org says: “The cost of inaction on climate change is striking—both for our wallets and our future. Renewables like solar and wind are now the most affordable energy sources, offering stable prices, energy independence, and a path out of fossil fuel volatility. The evidence is irrefutable: clean energy isn’t just good for the planet; it’s a down payment on long-term prosperity and security for individuals, households and communities worldwide.”

Note to editors: