The climate crisis will destroy our economies – we learned this 20 years ago. When will we act? | Fiona Harvey

A report from 20 years ago, known as the Stern Review, warned that climate change poses a significant threat to global economies. The report found that transitioning to a low-carbon future is not only necessary for the planet, but also makes good economic sense. This idea is simple: a dead Earth has no economic value, so investing in climate action now is worth the costs to ensure a sustainable future for generations to come.

Why it matters

The climate crisis poses a significant threat to global economies and markets. Failure to act could lead to severe economic consequences.

Market impact

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