'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

Study warns Brazilian food imports increasingly vulnerable to climate change

Study warns Brazilian food imports increasingly vulnerable to climate change

New analysis warns Brazil has relatively low levels of resilience to worsening climate impacts, putting food imports at risk

clock 20 November 2025 • 5 min read
COP30: Scores of businesses join growing calls for fossil fuel phase-out roadmap

COP30: Scores of businesses join growing calls for fossil fuel phase-out roadmap

Major corporates and business groups join more than 80 governments in pushing for COP30 deal that commits to developing a roadmap for transitioning away from fossil fuels worldwide

Michael Holder
clock 19 November 2025 • 6 min read
'Steep slopes ahead': Which countries will lead the race to keep temperature increases 'well below 2C'?

'Steep slopes ahead': Which countries will lead the race to keep temperature increases 'well below 2C'?

A new study suggests roughly half of countries are on track to deliver on the goals of the Paris Agreement - but it's far from 'mission accomplished'

Stuart Stone
clock 19 November 2025 • 10 min read