Cost of Not Acting on Climate Change $44 Trillion: Citi

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cnbc.com - by Anmar Frangoul - August 18, 2015

Up to $44 trillion could be going up in smoke if the world does not act on climate change, according to the latest piece of research from U.S. banking giant Citigroup.

The report – Energy Darwinism II: Why a Low Carbon Future Doesn't Have to Cost the Earth -- has forecast that spending on energy will hit around $200 trillion in the next 25 years.

The study then examines two scenarios: one that Citi describe as an "'inaction' on climate change scenario", and another that looks at what could happen if a low carbon, "different energy mix" is pursued.

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CLICK HERE - Energy Darwinism II: Why a Low Carbon Future Doesn't Have to Cost the Earth

CLICK HERE - REPORT - Energy Darwinism II: Why a Low Carbon Future Doesn't Have to Cost the Earth
(132 page .PDF report)