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

EPCs for flooding: New performance certificates promise to assess property flood risk

EPCs for flooding: New performance certificates promise to assess property flood risk

Government and Flood Re to test new certificates for homeowners and insurers this year in areas at high risk of flooding, before wider rollout in 2027

Stuart Stone
clock 13 October 2026 • 4 min read
Government launches new 'one stop shop' for flood advice

Government launches new 'one stop shop' for flood advice

Flood Action Online service launched to mark start of Flood Action Week, as government pledges to improve protection for 200,000 properties

James Murray
clock 12 October 2026 • 3 min read
Farm fire costs rise to £118m as record temperatures take toll on farmers

Farm fire costs rise to £118m as record temperatures take toll on farmers

Agricultural vehicle fires added an extra £32m in costs as farmers deal with the 'devastating' impacts

Mia Willemsen, Farmers Guardian
clock 12 October 2026 • 2 min read