Multinational bank: The economic cost of climate change

When one of the world's largest banks, HSBC, is figuring this cost into its economic analysis you know it's significant.

“In our opinion, these findings and events show that many businesses and governments are not adequately prepared for climate impacts, nor are they using natural resources efficiently. [...] As scientists work on attribution analysis for specific events – the general consensus is that climate change is making these events more likely to occur and more severe. [...] In our view, adaptation will move further up the agenda with a growing focus on the social consequences."