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A new report from consulting firm Deloitte suggests that failure to act on climate change could cost the global economy over $178 trillion over the next 50 years. That’s a nearly 8% drop in global GDP caused by factors like heat stress, sea-level rise, damage to infrastructure from wildfires and extreme weather, health impacts, agricultural losses and more. “Translated into human terms,” the report says. “Crops would fail. Health care spending would rise. People would stop traveling.”
But hope is not lost: the report also focused on what happens if countries and companies make a firm commitment to get to net zero carbon emissions by mid-century. The bottom line? $43 trillion added to the global economy. The report emphasizes that many of the technologies and…
