Adjusted savings: carbon dioxide damage (% of GNI)

This indicator provides a comprehensive assessment of the economic repercussions tied to carbon dioxide emissions resulting from fossil fuel consumption and cement production. By estimating the damage cost at $40 per ton of CO2 (as of 2017 US dollars for emissions incurred in 2020), it quantifies the financial burden on a nation's economy in relation to its Gross National Income (GNI). This metric not only highlights the immediate fiscal impact of environmental degradation but also serves as a crucial tool for policymakers aiming to gauge the effectiveness of climate action initiatives. By understanding the economic implications of carbon emissions, countries can better align their strategies towards sustainable development and reduce the risks associated with climate change on their economic stability. Source: