Current Event

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.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: