Climate disasters cost $650 billion over 3 years — Americans are bearing the brunt: Morgan Stanley
Climate-related disasters have cost the world $650 billion over the last three years, and North America is shouldering most of the burden, according to a new report from Morgan Stanley. While governments and corporations are taking steps to mitigate the impacts of climate change, Morgan Stanley says private enterprises need to strongly consider preparing for a world gripped by more frequent and intense weather events, rising sea levels, changes to agriculture and the spread of infectious disease.
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