Climate shocks hit global growth

This is a Valencia news story, published by Guardian.

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climate breakdown

Guardian

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Climate breakdown will hit global growth by a third, say central banks

Summary

Nutrition label

83% Informative

Network for Greening the Financial System, a body of global banks and financial organisations, said in a report this week that the huge increase in the risk from physical shocks to the economy marked a considerable change in the overall severity of the damage caused.

The report was published as the business losses alone from the devastating floods in Valencia , which killed more than 200 people, were calculated at well over 10bn (8.3bn).

VR Score

Informative language

Neutral language

Article tone

informal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful