Top economist talks up risks of climate inaction

HONG KONG (AFP)


“One thing we should have learned from this experience of the financial crisis is if we ignore risk building in the system, that risk will get much more difficult to manage than if we recognise it and tackle it early,” the British economist told reporters in Hong Kong.

“We have seen the consequences of ignoring risk in the current economic and financial crisis. It has already led to negative growth in rich countries.

“The risk consequences of ignoring climate change will be very much bigger that the risk consequences of ignoring risk from the financial system.”

AFP