Too Hot to Think Straight, Too Cold to Panic

plc32 — Mon, 10 Mar 2025 15:19:22 +0000

Too Hot to Think Straight, Too Cold to Panic, a new report from Cambridge Judge Business School, BCG and the ̽��ֱ�� of Cambridge’s climaTraces Lab argues that failing to invest comes with significant economic consequences.

Allowing global warming to reach 3°C by 2100 could reduce cumulative economic output by 15% to 34%. Alternatively, investing 1% to 2% in mitigation and adaptation would limit warming to 2°C, reducing economic damages to 2% to 4%. This net cost of inaction is equivalent to 11% to 27% of cumulative GDP—equivalent to three times global health care spending, or eight times the amount needed to lift the world above the global poverty line by 2100.

“Research on climate change impacts across all regions and sectors is expanding rapidly,” said Kamiar Mohaddes, an Associate Professor in Economics and Policy at Cambridge Judge Business School and Director of the climaTRACES Lab.

Read: ̽��ֱ��compelling economic case

Researchers from the ̽��ֱ�� of Cambridge and Boston Consulting Group (BCG) offer a strong case for investing in climate mitigation and adaptation to avoid damage to the global economy.

Research on climate change impacts across all regions and sectors is expanding rapidly

Kamiar Mohaddes

Front page of report

̽��ֱ��text in this work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License. Images, including our videos, are Copyright © ̽��ֱ�� of Cambridge and licensors/contributors as identified. All rights reserved. We make our image and video content available in a number of ways – on our main website under its Terms and conditions, and on a range of channels including social media that permit your use and sharing of our content under their respective Terms.

Yes

̽��ֱ�� of Cambridge - Boston Consulting Group

Too Hot to Think Straight, Too Cold to Panic