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Prepare for disorderly shift to low-carbon era, firms and investors told | Greenhouse gas emissions

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Major businesses and investors in the world’s largest economies should brace themselves for a turbulent transition to a low-carbon future because none of the G20 countries are on track to meet their climate ambitions, according to a new report.

There is “no longer any realistic chance” for an orderly transition for global financial markets because political leaders will be forced to rely on “handbrake” policy interventions to cut emissions, according to research from risk intelligence company Verisk Maplecroft.

At the same time, the report added, investors will face the “increasingly disruptive” impact of severe weather events – made worse by the global climate crisis – which are expected to take a heavier toll on the global economy in the years ahead.

The consultancy, which is part of the $28bn global risk group Verisk Analytics, used the report to warn its multinational clients to prepare for a future which at best might be…

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