Economic models ‘fail to capture’ severity of climate damages. Is a global financial crash looming?
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Euronews.com
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A report by the University of Exeter and Carbon Tracker highlights that current economic models underestimate climate change risks, creating a false sense of security. It emphasizes the need for collaboration among scientists, economists, and investors to address the cascading effects of climate change on the economy. The report argues that climate damages are not marginal and can reshape economic structures, urging for better metrics beyond GDP to assess true economic impacts. Teljes cikk (Euronews.com)