A high-voltage power transformer substation Evgeniy Alyoshin / Alamy
Climate change will lead to a small drop in global spending on energy by the end of the century, but many middle-income countries, including India, face a rise in these costs as people turn to air conditioning to keep cool, a study suggests.
The research by a US and Chinese team contradicts some past studies that suggested higher spending on energy would be one of global warming’s biggest financial costs.
“The actual global cost in energy consumption is much lower than people had previously thought. A lot of days,…
