Climate change will wipe $2.5tn off global financial assets: study

Climate change could cut the value of the world’s financial assets by $2.5tn (£1.7tn), according to the first estimate from economic modelling. In the worst case scenarios, often used by regulators to check the financial health of companies and economies, the losses could soar to $24tn, or 17% of the world’s assets, and wreck the global economy. The research also showed the financial sense in taking action to keep climate change under the 2C danger…

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Climate change will wipe $2.5tn off global financial assets: study

Climate change could cut the value of the world’s financial assets by $2.5tn (£1.7tn), according to the first estimate from economic modelling. In the worst case scenarios, often used by regulators to check the financial health of companies and economies, the losses could soar to $24tn, or 17% of the world’s assets, and wreck the global economy. The research also showed the financial sense in taking action to keep climate change under the 2C danger…

Solution News Source

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