One of the world’s largest investment banks warns that the most extreme risks of climate change could actually happen.
JP Morgan Chase & Co. economists David Mackie and Jessica Murray warned investors Jan. 14 that the worst-case scenarios of climate change, including human extinction, could not be ruled out.
“The response to climate change should be motivated not only by central estimates of outcomes but also by the likelihood of extreme events,” they wrote. “We cannot rule out catastrophic outcomes where human life as we know it is threatened.”
The analysts warned last year that “black swan” events, or unpredictable events with severe consequences beyond what is normally expected, could push the plant and the economy into “uncharted territory.”
You can read more about the analysts’ warning here.