this post was submitted on 16 Jan 2025
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Global economic growth could plummet by 50% between 2070 and 2090 from the catastrophic shocks of climate change unless immediate action by political leaders is taken to decarbonise and restore nature, according to a new report.

The stark warning from risk management experts the Institute and Faculty of Actuaries (IFoA) hugely increases the estimate of risk to global economic wellbeing from climate change impacts such as fires, flooding, droughts, temperature rises and nature breakdown. In a report with scientists at the University of Exeter, published on Thursday, the IFoA, which uses maths and statistics to analyse financial risk for businesses and governments, called for accelerated action by political leaders to tackle the climate crisis.

Their report was published after data from the EU’s Copernicus Climate Change Service (C3S) showed climate breakdown drove the annual global temperature above the internationally agreed 1.5C target for the first time in 2024, supercharging extreme weather.

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[–] nesc@lemmy.cafe 18 points 2 days ago (8 children)

Really concerned about years 2070-2090 and economic growth.

[–] atro_city@fedia.io -1 points 2 days ago (1 children)

Yeah, fuck your children and their offspring! Come to think about it, fuck the next generations, they deserve the climate wars, amirite?

[–] nesc@lemmy.cafe -1 points 2 days ago

Yeah! Lets pretend that we have some idea what's going to happen with fucking eCoNOmY in 50 years when there is high probability of new world war in the next 5. Better act concerned fast! Spare me with your good citizen bullying mate.

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