'Dangerous domino effect': Companies forecast $900bn losses from extreme weather

Stuart Stone
clock • 5 min read
Credit: iStock
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Credit: iStock

Cost of mitigating climate risks almost 13 times lower than their financial impact, yet only one-in-three firms class extreme weather exposure as a material risk

The financial impact of extreme weather events is already driving billions of dollars in losses across the global economy and costs are expected to escalate sharply to almost $900bn as flooding, rainfall,...

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