
Global Economy Faces 50% GDP Loss by 2090 Without Climate Action, Warns Report
A stark warning has been issued about the economic and humanitarian costs of inaction on the climate crisis. According to the "Planetary Solvency – Finding Our Balance with Nature" report, global GDP could shrink by 50% between 2070 and 2090 if decisive measures are not taken. Populations are already grappling with food system shocks, water insecurity, heat stress, and infectious diseases. Without intervention, the likelihood of mass mortality, displacement, economic collapse, and conflict increases dramatically.
The report, the fourth in a series by the Institute and Faculty of Actuaries (IFoA) in collaboration with climate scientists, offers a framework for global risk management. It emphasizes that ineffective risk messaging has hampered policy decisions and delayed critical action, ...