'Climate change will be expensive, potentially devastatingly so': Why reaching net zero is an economic priority

Cecilia Keating
clock • 5 min read
A solar plant owned by Shell in the US | Credit: Shell
Image:

A solar plant owned by Shell in the US | Credit: Shell

Cost of climate change could hit $30tr a year by 2075 - upwards of five per cent of GDP - according to major new survey from Institute for Policy Integrity

While the economic case for not acting to address the climate crisis has been rigorously debunked in recent years as renewable energy costs have nosedived and the financial toll of ever-intensifying extreme...

To continue reading this article...

Join BusinessGreen

  • Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
  • Make smart, responsible business decisions with an eye on the latest regulatory and tech developments
  • Stay in the know with our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Tap into our extensive archive of exclusive articles, news, analysis and guides
  • Choose from 3 paid membership levels or start a 7-day no strings trial

Join now

 

Already a BusinessGreen
member?

Login

More on Politics

Start-up Xlinks is planning to build an inteconnector between Morocco and the UK | Credit: Xlinks

'Green Cold War': Why insurers and businesses should prepare for net zero geopolitical tensions

Net zero transition will be characterised by competition as much as cooperation, and as such insurers should gear up to underwrite 'systematically important assets' that could be foundation of cooperation between countries, report warns

Cecilia Keating
clock 19 January 2022 • 5 min read
Lolly Adefope (left) and Robert Webb (right) recently starred in a green pension short film series | Credit: Make My Money Matter

Net zero committed pensions pass £1tr milestone

Make My Money Matter campaign announces that pension provides with £1tr in assets under management now have 'robust' net zero pledges in place

James Murray
clock 19 January 2022 • 2 min read
High Court throws out legal challenge to UK's oil and gas production strategy

High Court throws out legal challenge to UK's oil and gas production strategy

But environmentalists argue case forced government to accept oil and gas companies can make more money from subsidies than they pay in taxes

Cecilia Keating
clock 19 January 2022 • 5 min read