Ignoring Climate Change Risks Market Chaos

The Fourth National Climate Assessment, released in 2018, predicted that the U.S. economy could shrink by up to 10% annually if significant steps are not taken to rein in global warming.

Leaders in the world of business and finance have begun to recognize and warn corporations about sizable economic near-term risks from climate change. Like the threat of a pandemic, these warnings have been largely unheeded by investors and many governments, as human-caused emissions of greenhouse gases continued to increase through 2019.

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