Fighting climate change will cost companies trillions
Energy sector alone will be hit with an additional cost of $900bn in the next decade, German insurer Allianz forecasts
04 December 2019 - 15:27
Frankfurt — Fighting climate change will cost companies worldwide nearly $2.5-trillion over the next 10 years, according to an estimate by Allianz.
The German insurer analysed the most important measures currently enacted or under discussion to rein in global warming and found that the energy sector alone will be hit with an additional cost of $900bn. Further emissions cap reductions or industrial regulations could increase that amount...
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