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This was hardly the first expression of concern about the potentially devastating economic impacts of climate change on companies, markets, nations and the globaleconomy. And if you really want a sleepless night or two, read this story about “The Biblical Flood That Will Drown California,” published recently in Mother Jones magazine.
Moody’s Analytics predicts that +2°C of warming would cost the globaleconomy $69 trillion USD by 2100, not including the incalculable losses borne by communities that face rising sea levels, crop failure, devastating heatwaves and displacement from their homes. The cost of inaction is too high.
The Global States and Regions Annual Disclosure 2019 , said to be the most comprehensive account of state and regional climate action released to date, summarises data from 124 states and regions from 35 countries, representing US $17 trillion – 20% of the globaleconomy, with a combined population of 669 million people.
Electricity generation remains the primary market for 85% of fusion players, followed by off grid energy or hydrogen and clean fuels (each named by 27% of respondents), highlighting the potential of fusion to produce not just electricity to the grid but as a way to enable deep decarbonization across the globaleconomy.
Biodiversity loss is already costing the globaleconomy 10 percent of its output each year. While investments in nature-based solutions cannot be a substitute for deep decarbonization of all sectors of the economy, they can contribute to the required pace and scale of climate change mitigation and adaptation, concludes the report.
"We have an opportunity to extend the recent response of regulators, businesses and investors on climate change to nature; both are interrelated and both pose a systemic risk to the globaleconomy.". Mellody Hobson, Co-CEO and President, Ariel Investments. LinkedIn | Twitter.
Decarbonizing the globaleconomy must not lead to further human rights violations. “Amnesty International recognizes the vital function of rechargeable batteries in the energy transition from fossil fuels. But climate justice demands a just transition.
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