🚨NEW: climate inaction will cost more than a third of global GDP this century, but an investment of less than 2% GDP now will reduce harms by 90% - a "massive opportunity for humanity", finds a report from Boston Consulting Group and University of Cambridge.
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https://www.bbc.co.uk/news/articles/c9vy191rgn1o
• 1/7th of the savings could cover all global infrastructure investment needs this century, across sectors including energy, telecommunications, transport and water.
• Call for greater transparency on the net cost of inaction, including robust climate risk reports by companies and routine macroeconomic assessments by central banks.