The price tag of climate inaction? $178 trillion with a “T”
Here’s the teaser from “ESG Today”:
A new research report released by Deloitte highlights the stark economic differences between taking a coordinated global approach to climate action and failure to act, with inaction on climate change poised to lead to as much as $178 trillion in GDP destruction over the next 50 years, while achieving global climate goals could result in $43 trillion of economic benefit over the same period.
According to the report, unchecked climate change would negatively impact global GDP significantly, causing “declines in productivity, job creation, standards of living and well-being,” while achieving the upside scenario would require an “industrial revolution over the next 50 years.”