Antinuclear

Climate change could have a substantial impact on the world’s economy. If global leaders do nothing to combat its advance, the financial impact of climate change could be as much as $44 trillion, according to a new report released Tuesday by the U.S. financial firm Citigroup.

The report puts into perspective the potential financial impact of a scenario in which nothing is done to stave off the warming of the planet, something Citigroup researchers deemed “inaction.”
THE COST OF INACTION.
“[T]he central case we have in the report is that the costs in terms of lost (gross domestic product) GDP from not acting on climate change can be $44 trillion dollars by the time we get to 2060,” Citi’s Global Head of Alternative Energy and Cleantech Research, Jason Channell, told CNBC.

“What we’re trying to do is to take an objective view at the economics of this situation and actually…