As the world speeds towards 2C of global heating, the risks of extreme weather disasters and climate tipping points are increasing fast. But current economic models used by governments and financial institutions entirely miss such shocks. This is because the models assume the future will behave like the past, despite the burning of fossil fuels pushing the climate system into uncharted territory.

#climateChange #climateCatastrophe #climateEmergency #climateBreakdown #tippingPoint

https://www.theguardian.com/environment/2026/feb/05/flawed-economic-models-mean-climate-crisis-could-crash-global-economy-experts-warn

As the world speeds towards 2C of global heating, the risks of extreme weather disasters and climate tipping points are increasing fast. But current economic models used by governments and financial institutions entirely miss such shocks. This is because the models assume the future will behave like the past, despite the burning of fossil fuels pushing the climate system into uncharted territory.

#climateChange #climateCatastrophe #climateEmergency #climateBreakdown #tippingPoint

https://www.theguardian.com/environment/2026/feb/05/flawed-economic-models-mean-climate-crisis-could-crash-global-economy-experts-warn

Fossil fuel companies could be forced to pay some of the price of their damage to the climate, and the ultra-rich subjected to a global wealth tax, if new tax rules are agreed under the UN.

#climateChange #climateCatastrophe #climateEmergency #climateBreakdown #tippingPoint

https://www.theguardian.com/environment/2026/feb/01/fossil-fuel-firms-may-have-to-pay-for-climate-damage-under-proposed-un-tax

Fossil fuel companies could be forced to pay some of the price of their damage to the climate, and the ultra-rich subjected to a global wealth tax, if new tax rules are agreed under the UN.

#climateChange #climateCatastrophe #climateEmergency #climateBreakdown #tippingPoint

https://www.theguardian.com/environment/2026/feb/01/fossil-fuel-firms-may-have-to-pay-for-climate-damage-under-proposed-un-tax