ECB Says Ignoring Climate Change May Decimate Europe’s Economy

摘要

A failure to introduce policies to mitigate climate change could significantly lower Europe’s economic output by the end of the century, according to the European Central Bank.If no regulation is enacted and natural disasters become more frequent and severe as a result, the region’s gross domestic product could decrease by 10% by 2100 compared to ascenario where governments act, the Frankfurt-based institution said in the results of its first-ever economy-wide climate stress test.