Study: Global climate costs 'now rivalling a major financial crisis'

James Murray
clock • 2 min read
Study: Global climate costs 'now rivalling a major financial crisis'

Bloomberg Intelligence report estimates costs linked to extreme weather are set to double to more than $20tr over the coming decade

Costs linked to extreme weather are on track to more than double over the coming decade, potentially reaching $24tr through to 2035 as physical climate impacts intensify and the cost of insurance and adaptation...

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 Risk

Study: Corporates concern over El Niño impacts at highest level since 2019

Study: Corporates concern over El Niño impacts at highest level since 2019

Phenomenon cited in almost 900 documents from Indian corporates, analysis reveals

Stuart Stone
clock 19 August 2026 • 3 min read
Report: Global meat producers 'significantly underestimating' $6.4bn annual water risk exposure

Report: Global meat producers 'significantly underestimating' $6.4bn annual water risk exposure

Study by FAIRR investor network warns global livestock sector could face costs up to $9bn per year by 2050 under a worst-case-scenario

clock 17 August 2026 • 3 min read
Swiss Re: Global insured natural catastrophe losses hit $42bn in the first half of 2026

Swiss Re: Global insured natural catastrophe losses hit $42bn in the first half of 2026

Lowest first-half losses since 2020 'does not mean the risk has gone away’, Swiss Re warns, as record heat and dry conditions set the stage for active wildfire season

Stuart Stone
clock 12 August 2026 • 3 min read