The real tragedy of climate change will be economic for most

IF I was a gambling person and was asked to stake my house on the outcome of the question, “Will climate and nature change profoundly impact the economic wellbeing of the UK population within the next 20 years?”, I would look to professional tipsters for advice.

- Robert Johnson.

By tipsters I mean the leading organisations and experts who could provide knowledgeable information, such as the Bank of England, the Office of Budget Responsibility, Morgan Stanley Bank, the European Central Bank, Deloitte, and R Litterman, with his 25 years’ experience at Goldman Sachs.

In addition, I would listen to actuaries, those professional risk calculators whose work underpins the decisions of banks and insurance companies. All of whom state that without substantial policy change it is highly likely that the UK and the global economy is heading towards a severe economic downturn.