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Climate Inaction Could Cost Global Economy Up to 34%

4/14/2025

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Summary

Story summary

A stark warning from BCG and Cambridge institutions reveals that neglecting climate action could slash global economic output by 15% to 34% by 2100. However, investing just 1% to 2% could keep warming to 2°C, minimizing damages to 2% to 4%. Africa, despite its low emissions, risks severe economic losses and internal migration driven by drought.

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Story summary

A stark warning from BCG and Cambridge institutions reveals that neglecting climate action could slash global economic output by 15% to 34% by 2100. However, investing just 1% to 2% could keep warming to 2°C, minimizing damages to 2% to 4%. Africa, despite its low emissions, risks severe economic losses and internal migration driven by drought.