The chapter delves into the economic repercussions of climate change, predicting significant losses by 2049 with a 19% decrease in global income. It discusses a study warning of a potential 60% hit to income by 2100 without action, especially affecting developing regions like Africa and South Asia. The conversation emphasizes the importance of managing economic growth sustainably to prevent severe consequences of climate change on future generations.
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Bloomberg Intelligence Chief Equity Strategist Gina Martin Adams looks ahead to this week’s slew of earnings reports including several from big tech companies. Bloomberg Opinion Editor Mark Gongloff explains why the only thing climate change is cooling is growth. Neatleaf CEO Elmar Mair discusses revolutionizing greenhouse farming with AI and Robotics. And we Drive to the Close with Dave Donabedian, CIO at CIBC Private Wealth Management.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.
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