'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

'We are part of a global transformation': Australia unveils new national climate action plan

'We are part of a global transformation': Australia unveils new national climate action plan

Updated NDC confirms new goal to cut emissions by 62-70 per cent by 2035 against 2005 levels - but campaigners warn more ambition is needed

James Murray
clock 18 September 2025 • 5 min read
'Vicious cycle': WMO warns air quality and climate change exacerbating each other

'Vicious cycle': WMO warns air quality and climate change exacerbating each other

WMO calls for better international coordination to simultaneously tackle air pollution and worsening climate impacts

clock 05 September 2025 • 5 min read
'Determined to lead by example': Manchester City Council targets 44 per cent cut in emissions by 2030

'Determined to lead by example': Manchester City Council targets 44 per cent cut in emissions by 2030

Manchester City Council proposes 62 actions to slash carbon emissions city-wide, after confirming it delivered on its five-year carbon budget for 2020-2025

Stuart Stone
clock 03 September 2025 • 3 min read