Climate change could tilt world’s economy into history’s worst global recession

Sir Nicholas Stern, a former chief economist with the World Bank, will warn that governments need to tackle the problem head-on by cutting emissions or face economic ruin.

Speaking at a climate change conference in Birmingham, he said: “All of [Stern’s] detailed modelling out to the year 2100 is going to indicate first of all that if we don’t take global action we are going to see a massive downturn in global economies.” He added: “If no action is taken we will be faced with the kind of downturn that has not been seen since the great depression and the two world wars.” Sir David called the review “the most detailed economic analysis that I think has yet been conducted”.

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