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.