Failing to curb the impact of climate change could damage the global economy on the scale of the Great Depression or the world wars by spawning environmental devastation that could cost 5 to 20 percent of the world's annual gross domestic product.
Climate change and global poverty are two sides of the same coin. Both challenges must be addressed together. If we fail on one, we will also fail on the other.
The one way of guaranteeing to fail is to assume that we will.
We will not overcome world poverty unless we manage climate change successfully. I've spent my life as a development economist, and it's crystal clear that we succeed or fail on winning the battle against world poverty and managing climate change together. If we fail on one, we fail on the other.
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