How failing to invest in climate action today could cost the world a third of its GDP

Michael Holder
clock • 7 min read
Floods in Chiang Rai, Thailand, September 2024 | Credit: iStock
Image:

Floods in Chiang Rai, Thailand, September 2024 | Credit: iStock

Boston Consulting Group highlights the 'massive opportunity for humanity' from accelerating climate action today to avoid future catastrophe

Investing in rapid action now to prevent global warming spiralling above 2C could prevent grave economic damages that would result in multi-trillion dollar losses equivalent to the sums required to eradicate...

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

More on Risk

We're going to need some learned assertiveness

We're going to need some learned assertiveness

The Trump administration may be bent on undermining global climate action and engineering an oil boom, but governments and businesses still have it within their power to accelerate decarbonisation

James Murray
clock 09 January 2026 • 4 min read
Oil prices dip as markets respond to US attack on Venezuela

Oil prices dip as markets respond to US attack on Venezuela

Analysts weigh potential impact on global oil glut, as President Trump signals US will 'run' Venezuela and exploit country's oil reserves

James Murray
clock 05 January 2026 • 5 min read
'These disasters are not 'natural'': Heatwaves, wildfires, droughts, and storms cost more than $120bn in 2025

'These disasters are not 'natural'': Heatwaves, wildfires, droughts, and storms cost more than $120bn in 2025

New report identifies the 10 most expensive and impactful climate disasters of the past year

Stuart Stone
clock 02 January 2026 • 4 min read