Experts Warn Climate Change Threatens Global Economic Collapse by 2090

New report highlights a potential 50% GDP contraction and societal breakdown without urgent action to address escalating planetary risks.

A joint report by the Institute and Faculty of Actuaries (IFoA) and University of Exeter warns of a 50% global GDP loss between 2070 and 2090 due to climate change impacts, including tipping points and ecosystem collapse.
The study critiques current climate risk assessments as inadequate, underestimating severe risks such as food system shocks, mass migration, and state failures.
Researchers emphasize the need for accelerated decarbonization, ecosystem restoration, and the development of a 'Planetary Solvency' framework to manage global risks effectively.
The report introduces a proposed planetary risk dashboard to provide actionable insights for policymakers and ensure human activity operates within Earth's boundaries.
Experts call for immediate policy changes, including independent annual risk assessments, enhanced governance, and measures to prevent irreversible climate tipping points.