Climate change will wipe $2.5tn off global financial assets: study

Losses could soar to $24tn and wreck the global economy in worst case scenario, first economic modelling estimate suggests

Climate change could cut the value of the world's financial assets by $2.5tn (1.7tn), according to the first estimate from economic modelling.

In the worst case scenarios, often used by regulators to check the financial health of companies and economies, the losses could soar to $24tn, or 17% of the world's assets, and wreck the global economy.

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