Glimpse of the future: $1tr of climate losses, $2tr of gains

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Glimpse of the future: $1tr of climate losses, $2tr of gains

Oil rig in storm climate from Alamy 230x150
ANTR6B Shell s Brent Bravo oil rig in a storm | Alamy Stock Photo

The first results are emerging from the worldwide drive to get companies to think about how climate change is going to affect their businesses. Over 40% of the world’s biggest firms are now able to give an estimate of how much they expect to lose and gain. Collectively, they forecast twice as much upside as downside. But this may be optimistic, especially as the data are skewed to financial services.

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