Editing IPCC:AR6/SR15/TS (section)

==== Key Economic Sectors and Services ====

'''Risks to global aggregated economic growth due to climate change impacts are projected to be lower at 1.5°C than at 2°C by the end of this century (''medium confidence'').''' {3.5.2, 3.5.3}

'''The largest reductions in economic growth at 2°C compared to 1.5°C of warming are projected for low- and middle-income countries and regions''' (the African continent, Southeast Asia, India, Brazil and Mexico) (''low to medium confidence''). Countries in the tropics and Southern Hemisphere subtropics are projected to experience the largest impacts on economic growth due to climate
change should global warming increase from 1.5°C to 2°C (''medium confidence''). {3.5}

'''Global warming has already affected tourism, with increased risks projected under 1.5°C of warming in specific geographic regions and for seasonal tourism including sun, beach and snow sports destinations (''very high confidence'').''' Risks will be lower for tourism markets that are less climate sensitive, such as gaming and large hotel-based activities (''high confidence''). Risks for coastal tourism, particularly in subtropical and tropical regions, will increase with temperature-related degradation (e.g., heat extremes, storms) or loss of beach and coral reef assets (''high confidence''). {3.3.6, 3.4.4.12, 3.4.9.1, Box 3.4}