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Climate Change Could Cost The Global Economy $23 Trillion By 2050

Mount Equity Group Tokyo Japan > News > Markets > Climate Change Could Cost The Global Economy $23 Trillion By 2050

For decades, we have known that transitioning away from fossil fuels and toward a decarbonized economy was essential to the health of our planet and of future generations. It’s almost impossible to overstate what is at stake if the world continues to burn fossil fuels at a continuous or increasing rate. Experts say that in a business-as-usual scenario, ecological and economic devastation are not just a threat, but an inevitability. So why has the clean energy transition been so slow, piecemeal, and contentious? A huge part of the issue is the simple momentum of the status quo. The world already functions on a carbon-based economy, and turning that entrenched system on its head will cost an enormous amount of time, effort, and investments. Indeed, the initial price tag of redesigning and remaking the world’s energy sector and all of its associated carbon-based supply chains is daunting to say the least, especially for…

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