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Climate Change Could Become a Global Economic Disaster: warnings from financial firms & insurers point to a future defined by profound risks to the global economy from heat, storms & other disasters

www.nytimes.com

Climate Change Could Become a Global Economic Disaster

5 comments
  • The most mindblowing thing to me is that these firms are such a gigantic economic force, they could for example invest in renewable energy or sustainable industries. They could have our future low-carbon world by the balls, like Shell or ExxonMobil do today.

    Insurers and banks could divest from their carbon-intensive assets, but they will lobby and look for every loophole to protect themselves from responsibility, while being pulled feet-first into a meatgrinder.