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MNI BRIEF: Climate Change Hit To Global GDP 10-15% - Elderson

(MNI) LONDON
(MNI) Frankfurt

Climate change and environmental crisis will shave 10-15% off global GDP by the end of the century unless action is taken, ECB Executive Board member Frank Elderson said in a speech Tuesday.

Extreme weather events and loss of biodiversity could lead to further sudden shocks, with a variety of impacts across sectors and countries, Elderson added.

MNI London Bureau | +44 20 3983 7894 | luke.heighton@marketnews.com
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MNI London Bureau | +44 20 3983 7894 | luke.heighton@marketnews.com
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