As investors and businesses increasingly pledge to cut their carbon emissions, scientists on Monday offered a fresh warning about the need to better understand and plan for the physical damage caused by global warming.
Rising sea levels, water and food scarcity, as well as the impacts of hurricanes, floods and drought are likely to become more frequent and severe, leaving companies and their investors exposed to mounting losses that are poorly understood.
A report from the Intergovernmental Panel on Climate Change (IPCC) issued a “dire warning” of the consequences of failing to cap global warming at 1.5 degrees Celsius above pre-industrial levels and adapting properly to the impacts of climate change.
