Climate change costs already top $1tr - and are set to spiral

BusinessGreen staff
clock •

NGO sets out economic case for addressing climate change, warning world will lose 3.6 per cent of GDP a year by 2030 with no action

Inaction on climate change already costs the world economy 1.6 per cent of global GDP - approximately $1tr a year - and cost are likely to double to 3.6 per cent of GDP by 2030 if governments and businesses...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

BusinessGreen staff
Author spotlight

BusinessGreen staff

View profile
More from BusinessGreen staff

Solar on the frontline in Ukraine

Put your suppliers' carbon data to work

More on Climate change

UNFCCC: Record 37 countries submit first national climate progress transparency plans
Climate change

UNFCCC: Record 37 countries submit first national climate progress transparency plans

Countries are expected to report openly on their progress towards national climate goals under the Paris Agreement every two years

Michael Holder
Michael Holder
clock 02 July 2026 • 4 min read
How the 'we're just one per cent of global emissions' gambit doesn't add up
Climate change

How the 'we're just one per cent of global emissions' gambit doesn't add up

Study reveals how attempts to slow domestic climate action by arguing an individual country emits relatively little are now evident in economies that collectively account for over a fifth of emissions

James Murray
James Murray
clock 01 July 2026 • 6 min read
High Seas Alliance's Rebecca Hubbard: 'In this sector, very little is won overnight'
Climate change

High Seas Alliance's Rebecca Hubbard: 'In this sector, very little is won overnight'

Rebecca Hubbard explains why not seeing results from work for years at a time doesn't mean you aren't achieving anything

Stuart Stone
Stuart Stone
clock 30 June 2026 • 5 min read