Climate crisis will weigh on GDP, Bank of Italy says

ROME. KAZINFORM – The climate crisis is expected to have a primary negative effect on the Italian economy in the medium and long term, with the agriculture and tourism sectors affected, the Bank of Italy said on Wednesday in a report, ANSA reports.

He said a constant temperature rising 1. 5°C above pre-industrial grades would lead to a steady GDP decline with the capita of 2. 8% to 9% until 2100 to the baseline situation in which constant temperatures are stable.

He indicates, for example, that he expects a minimum snowfall of 30 to 45% in 2100, which will lead to a significant minimum in winter sports tourism.

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