Delays in tackling climate change could cost companies about $1.2 trillion worldwide during the next 15 years, according to the United Nations.
That’s the preliminary analysis of a UN Environment Finance Initiative project that brought together 20 global fund managers to measure the impact of climate change on 30,000 of the largest listed companies. The group has created a guide for investors to assess how their holdings would respond to different levels of global warming and policy making.
That’s over just the next 15 years. What’s the final cost of our ultimate extinction as a species?