The fact that climate damage also impacts the economy has long been evident, with numerous studies addressing this issue. However, the findings often lack clarity, as they involve significant sums spread over long time horizons. A new report adds to this discourse, concluding that in fifty years, half of economic value could be consumed by climate-related costs. Yet, these studies share a critical flaw: they focus on averages, which fail to reflect the urgency and severity of the real-world situation. The reality is far graver and more immediate than these models suggest.

According to the latest report of Project Breakthrough: Collision Course, an accelerated rate of warming is likely to continue until mid-century, given the failure so far to reduce planet-warming greenhouse gas emissions.

COP after COP forces many thousands of delegates to cram in faraway places, only to add to the long lists of promises and pledges, of which only few ever see results. Next stop: oil-soaked Baku, Azerbaijan. The latest news: the COP CEO is lobbying for the oil industry.

The Living Planet Report warns that, as the Earth approaches dangerous tipping points posing grave threats to humanity, a huge collective effort will be required over the next five years to tackle the dual climate and nature crises.