The cost of climate change: action versus inaction

The IPCC’s latest update on physical sciences stated that “it was more likely” than not

that temperature increases would exceed the 1.5 degree limit targeted in COP 21 (Paris 2015). The upcoming COP 26 in Glasgow has been described as “the world’s best last chance to get runaway climate change under control”.

Critical action is required now says David Page Head of Macro Research, AXA Investment Managers. The global community has begun to take heed. Both the US and China – the world’s largest CO₂ emitters – have committed to net zero emission targets this year, joining most other large economies which have already made similar pledges.

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