Grantham Research Institute

$2.5 Trillion Worth of Global Financial Assets at Risk From Climate Change Impacts by End of Century, Study Warns

An average $2.5 trillion (£1.76trn) of the world’s financial assets would be at risk from climate change impacts if global temperatures are left to increase by 2.5°C by 2100, warns a new study by the Grantham Research Institute on Climate Change and the Environment at the London School of Economics.

The study, published today in the journal Nature Climate Change, is the first of its kind to produce a comprehensive estimate of the total value at risk from climate change impacts. So far most of the attention has focused on the risk of climate change to fossil fuel companies.

Under the Paris climate deal, nations have agreed to limit global warming to “well below” 2°C from pre-industrial levels. However, under business as usual emissions are set to increase global average temperatures by approximately 2.5°C.

Lord Lawson's Global Warming Policy Foundation Mistaken On Actual Facts

Global Warming Policy Foundation

A UK-based climate change denial think-tank has been caught making serious misrepresentations on climate policy which go against the guidelines of the UK's charity regulator.

The Global Warming Policy Foundation, set up as a charitable organisation by former UK Conservative finance minister Lord Nigel Lawson, has been gaining traction in some media outlets who are turning to the foundation in an apparent attempt to “balance” their stories on climate change.

But in providing balance, Bob Ward, policy and communications director at the Grantham Research Institute on Climate Change and the Environment at the London School of Economics and Political Science, shows those media outlets are also helping to spread mistruths.

Writing in The Guardian, Ward looked back on public statements and media interviews given by Lord Lawson since his foundation was launched in November 2009 and found at least five examples where the public had been misled.

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