It’s extreme!Report Date: 1st April, 2014
Increasing weather-related natural disasters are probably related to global warming. Even if they are not, governments and investors need to take into account a more extreme climate in their strategic decision-making. Most vulnerable to are the emerging economies of Africa and the Middle East and the burgeoning urban populations of East and South Asia, especially in coastal areas. Our base case assumes a doubling of the current rate of increase in weather related losses, which could cut 20% from global growth over the next 20 years, or around 1% pt a year.
To read the full report - Login or SubscribeSUBSCRIBE