A blockbuster study published in top science journal Nature last year warned that unchecked climate change could slash global GDP by a staggering 62% by century’s end, setting off alarm bells among financial institutions worldwide.



Summary

A Nature study predicts unchecked climate change could devastate the global economy, potentially shrinking GDP by 62% by 2100. This alarming projection highlights the severe financial consequences of inaction on climate change, prompting serious concern among financial institutions globally. The significant economic risks underscore the urgency for immediate and substantial action to mitigate the impact of climate change.

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