Private investors stand to lose $4.2tn (£2.7tn) on the value of their holdings from the impact of climate change by 2100 even if global warming is held at plus 2C, a report from the Economist Intelligence Unit (EIU) has warned.
If firm action is not taken at the forthcoming climate change talks in Paris and the Earth’s temperature warms by a further 5C then investors are facing losses of almost $7tn at today’s prices, new research shows.
This is more than the total current market capitalisation of the London Stock Exchange with impacts on company holdings that will come not just through extreme weather damage but also through lower economic growth.
via Investors could lose $4.2tn because of climate change, report warns | Environment | The Guardian.