Deloitte's Global Turning Point Report

As our planet faces a crossroads, the Deloittes’s Turning point, using economics, examines the way to collective prosperity. Through the inquiries in this report, Deloitte proposes a change in our mindset to “building for opportunity not catastrophe”. 

In this report, the Deloitte Economics institute modeled two scenarios. One in which the global greenhouse gas emissions continue to rise and the planet warms by 3 degrees Celsius by 2100 and the second, in which we limit the warming to 1.5 degrees Celsius and decarbonize the planet by 2050. Their analysis revealed that while the initial cost of decarbonization will lower economic activity, as the economy completes its transition, the economic benefits of the avoided climate damage and the newly created green jobs will outweigh the costs. The reports estimate $178 trillion in losses by 2070 if climate change is left unchecked.

Read the report HERE.