'Planetary Insolvency': GDP could face a 50 per cent hit unless world acts now to curb emissions, report warns

clock • 5 min read
Credit: iStock
Image:

Credit: iStock

Institute and Faculty of Actuaries warns climate impacts will become 'future national security issue' unless urgent policy measures are introduced to curb emissions and enhance resilience

The global economy could face a 50 per cent loss in GDP between 2070 and 2090, as catastrophic climate impacts threaten to unleash an era of deadly disasters and socio-economic collapse. That is the...

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 Climate change

Survivors of Philippines 'super typhoon' file UK legal claim against Shell over climate impacts

Survivors of Philippines 'super typhoon' file UK legal claim against Shell over climate impacts

Group of more than 100 storm survivors seek damages over climate impacts that made extreme weather event more likely and severe in a UK first legal challenge

Stuart Stone
clock 11 December 2025 • 5 min read
How over 90 per cent of the global economy decoupled carbon emissions from economic growth

How over 90 per cent of the global economy decoupled carbon emissions from economic growth

A decade on from the Paris Agreement, a new analysis confirms that absolute or relative decoupling of emissions and economic growth is 'now the norm'

Stuart Stone
clock 11 December 2025 • 6 min read
2025 on course to be joint-second hottest year on record

2025 on course to be joint-second hottest year on record

Copernicus Climate Change Service confirms average global temperatures for 2023-2025 are now likely to breach 1.5C warming threshold

James Murray
clock 09 December 2025 • 3 min read