Climate change is coming for the world's GDP, says UNEP report

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🗞️ Driving the news: The United Nations Environment Programme (UNEP) has issued a stark warning in its latest Global Environment Outlook report
• It emphasizes the urgent need of a whole-of-society approach to combat the escalating threat of climate change 
• With contributions from 287 scientists across 82 countries, the report calls for a global shift in economic and environmental systems

🔭 The context: The report warns that continuing on the current fossil fuel-dependent path would lead to catastrophic consequences, including a 4% reduction in global GDP by 2050, millions of deaths, and a surge in forced migration

🌍 Why it matters for the planet: The UNEP advocates for a comprehensive approach to climate action that reduces emissions, protects natural resources, and fosters a greener future
• The proposed shift to a sustainable, circular economy could prevent millions of premature deaths, lift people out of poverty, and ensure access to clean water for millions more

⏭️ What’s next: The report stresses that significant investments and shifts in policy are necessary
• The transition to a sustainable economy requires decarbonizing energy systems, shifting to sustainable diets, and restoring ecosystems
• It also urges nations to move beyond GDP as a measure of well-being and embrace inclusive economic indicators

💬 One quote: “Change is always difficult, more so when it is on such a massive scale. But change we must. There are two futures ahead of humanity. Let us choose the right one.” — Inger Andersen, UNEP Executive Director

📈 One stat: By 2070, the global macroeconomic benefits of climate action could reach $20 trillion per year

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