Reuters: Climate change could add around $100 billion to costs of extreme weather

Climate change could add around $100 billion or 20 per cent to the global cost of extreme weather events by 2040, according to findings from the Cambridge Climate Change Business Risk Index. The Index co-authored at the Centre for Risk Studies analyses the increasing risks of extreme weather and what this could mean to business worldwide. Dr Andrew Coburn of the Centre for Risk Studies said: “Companies are struggling to reconcile the long-range forecasts of the consequences of a warmer planet in several decades’ time with weather changes that are already impacting their businesses in various ways, and how their business will be affected by the transitions that society is making today towards a low-carbon economy.”

Read the full article [uk.reuters.com]