Climate change: Trade liberalization could buffer economic losses in agriculture

Global warming could create substantial economic damage in agriculture, a new study conducted by a team of scientists of the Potsdam Institute for Climate Impact Research finds. Around the globe, climate change threatens agricultural productivity, forcing up food prices. While financial gains and losses differ between consumers and producers across the regions, bottom line is that consumers in general will likely have to pay more for the same basket of food. As the additional expenditure for con