Antinuclear

By Natasha Geiling

A new report from the United Nations Development Program is sounding the alarm on the economic cost of climate inaction. Limiting global warming to 1.5° Celsius (2.7° Fahrenheit) could save the global economy as much as $12 trillion by 2050, compared with a business-as-usual scenario where the Earth warms 2.5° Celsius (4.5° Fahrenheit), according to the study, which was released Wednesday during the U.N. climate conference in Marrakesh.
The report shines a light on the business case for climate action at a time when world leaders and businesses anxiously await the beginning of climate denier Donald Trump’s tenure in the White House.

According to the report, if warming is not limited to 1.5° C and climbs as high as 2.5° C, the global gross domestic product could decline by as much as $33 trillion by 2050.

That’s because holding global warming to 1.5° C would have widespread…