Lloyd’s models $5tn global economic impact of food and water shocks
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Lloyd’s models $5tn global economic impact of food and water shocks

Rachel Dalton
11 October 2023
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Lloyd’s has launched a systemic risk scenario modelling the global economic impact of extreme weather events leading to food and water shocks, which estimates the loss to be $5tn over a five-year period.

The exercise – the first of a series of nine systemic risk scenarios – looks at how an increase in climate-driven extreme weather could lead to crop failures and food and water shortages.

Such

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Rachel Dalton
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