The climate crisis is set to have a
major negative impact on the Italian economy in the medium and
long term, with the agriculture and tourism sectors hit
especially hard, the Bank of Italy said in a report on
Wednesday.
It said that a temperature rise of 1.5°C above pre-industrial
levels would cause per-capita GDP to be 2.8%-9% lower by 2100
with respect to the base scenario in which temperatures are
stable.
The study said, for example, that it expects snowfall to be down
by 30-45% in 2100, leading to significant drop in tourism linked
to winter sport.
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