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Climate Change to Cut Global Financial Assets by Trillions

2016-04-09 15:01:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: Climate change could cut the value of the world's financial assets by $2.5 trillion, according to the first estimate from economic modeling. In the worst case scenarios, often used by regulators to check the financial health of companies and economies, the losses could soar to $24 trillion, or 17 percent 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 2°C (3.6°F) danger limit agreed by the world's...

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