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Climate Change could cost trillions for the global economy

Damian Carrington, The Guardian

Increasingly extreme weather events, highger temperatures and drought brought on by climate change could cause a loss of $2.5 trillion to the global economy, a new study has found.

In the worst case scenario, this study claims that as much as $24 trillion could be lost (17% of the world’s assets), although the chances of that happening are only about 1%.

If actions are taken to stem the changing climate, hundreds of billions of dollars could potentially be saved.

This study shows the sense in taking a long-term perspective – investing in new forms of energy now may be costly, but the alternative will be likely be even more so in the long run.

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