'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

Climate change, nature loss, and inactivity could cut sports industry revenues 14 per cent by 2030

Climate change, nature loss, and inactivity could cut sports industry revenues 14 per cent by 2030

Report outlines 'double imperative' for sport to safeguard natural systems that make play possible

Stuart Stone
clock 16 January 2026 • 5 min read
'A milestone none of us wished to reach': 1.5C threshold set to be breached, as 2025 confirmed as third hottest year on record

'A milestone none of us wished to reach': 1.5C threshold set to be breached, as 2025 confirmed as third hottest year on record

Copernicus Climate Change Service confirms rising temperatures driven by human activity put world on course to exceed 1.5C threshold set under Paris Agreement

clock 14 January 2026 • 5 min read
Why Greenland is indispensable to global climate science

Why Greenland is indispensable to global climate science

With no Antarctica-style treaty to protect Greenland, a US takeover could mean scientists lose access, writes Martin Siegert from the University of Exeter

Martin Siegert, University of Exeter.
clock 13 January 2026 • 5 min read