Capitalism must be re-engineered if we want a low-carbon world

It’s a kick to the bulls for the investment markets. If we bust the limit of 2 °C of warming set at the Paris climate summit at the end of last year, it could wipe anything from $2.5 trillion to $24 trillion from the value of the world’s financial assets, environmental economists warned on Monday. That’s up to a fifth of the current global economy. Some of that financial meltdown would come as agriculture succumbs to drought, industrial zones are ripped apart by...
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