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Climate Crisis On Track To Destroy Capitalism, Warns Top Insurer
Thursday April 3, 2025. 08:20 PM , from Slashdot
![]() Global carbon emissions are still rising and current policies will result in a rise in global temperature between 2.2C and 3.4C above pre-industrial levels. The damage at 3C will be so great that governments will be unable to provide financial bailouts and it will be impossible to adapt to many climate impacts, said Thallinger, who is also the chair of the German company's investment board and was previously CEO of Allianz Investment Management. The core business of the insurance industry is risk management and it has long taken the dangers of global heating very seriously. In recent reports, Aviva said extreme weather damages for the decade to 2023 hit $2tn, while GallagherRE said the figure was $400bn in 2024. Zurich said it was 'essential' to hit net zero by 2050. Read more of this story at Slashdot.
https://news.slashdot.org/story/25/04/03/1820226/climate-crisis-on-track-to-destroy-capitalism-warns...
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