On Earth Day, many try to raise awareness of the need to protect the earth and its natural resources. What matters now however is understanding the damage of our failure to do so. With the latest research showing $38 trillion in annual damages from the way we do business today, it’s time to act.
This is not however simply a question of negative impacts that are happening to someone else, far away – it’s having an impact everywhere. The research is building on a body of work that has for some time been warning of the economic impact of climate change. Extreme weather events from storms, to floods, intense heat and wildfires are all on the increase. More frequent and intense heat waves are causing public health issues, economic loss, human suffering, and increasing mortality rates.
It goes beyond the fact that the economy cannot exist outside nature and the environment in which we all exist. PwC analysis has pointed out that overThe challenge here is that if we ignore the need for action on emissions and nature and ecosystem protection, we are effectively cutting off the economy at its knees.
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