The 'accelerating impact of the climate crisis could lead to a global financial crash'
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The 'accelerating impact of the climate crisis could lead to a global financial crash'
'Recovery would be far harder than after the 2008 financial crash, they said, as "we can’t bail out the Earth like we did the banks"'
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R AodeRelay shared this topic
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The 'accelerating impact of the climate crisis could lead to a global financial crash'
'Recovery would be far harder than after the 2008 financial crash, they said, as "we can’t bail out the Earth like we did the banks"'
'As the world speeds towards 2C of global heating, the risks of extreme weather disasters and climate tipping points are increasing fast. But current economic models used by governments and financial institutions entirely miss such shocks'
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The 'accelerating impact of the climate crisis could lead to a global financial crash'
'Recovery would be far harder than after the 2008 financial crash, they said, as "we can’t bail out the Earth like we did the banks"'
"Some are saying we’ll have a 10% GDP loss at between 3C and 4C degrees [of global heating], but the physical climate scientists are saying the economy and society will cease to function as we know it. That’s a big mismatch"
