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As the world struggles to fight the COVID-19 pandemic, climate change is also another challenge facing humanity and requires a global response.

According to a report by Swiss Re, the effects of climate change are likely to reduce global economic output by 11 to 14 percent by 2050 compared to growth without climate change. Swiss Re is one of the world’s largest reinsurance providers and insurance companies.

The effects of climate change could cause the global economy to lose up to $ 23 trillion each year.

Swiss Re reported that if countries manage to keep the global mean temperature rise below 2 degrees Celsius (3.6 degrees Fahrenheit) above the pre-industrial levels set in the 2015 Paris Agreement, economic losses would be insignificant.

But the current level of emissions is far from these goals. According to Swiss Re, global temperature could rise by 2.6 degrees by 2050, based on the current trend.

This affects countries around the world, the US economies would shrink by up to 7 percent, while Canada, the UK and France could lose between 6 and 10 percent of their potential economic output. And prosperity in the Philippines, Malaysia and Thailand would drop by almost half.

And it would cost between $ 300 and $ 50 trillion to end global climate change in the next two decades.

US President Joe Biden promised that the country would cut its greenhouse gas emissions “by half” this decade compared to 2005.

China has called for global efforts to initiate a green revolution and has pledged to be carbon neutral by 2060.

“COVID-19 is a reminder that mankind should start a green revolution and move faster to create green development and a green life,” said Chinese President Xi Jinping in a speech that was video-linked to the general debate of the 75th The United Nations meeting was transmitted to the General Assembly of Nations last month.

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