Global Burning – the economics of climate change

hl.co.uk:

We don’t support this browser anymore.
This means our website may not look and work as you would expect. Read more about browsers and how to update them here.

Newsroom

Newsroom articles are published by leading news agencies. Hargreaves Lansdown is not responsible for an article's content and its accuracy. We may not share the views of the author.

HL Podcast

HL Insight

Archived article
Tax, investments and pension rules can change over time so the information below may not be current. This article was correct at the time of publishing, however, it may no longer reflect our views on this topic.

What are the economic impacts of a changing climate? Here we look at the research on investing sustainably.

This article isn’t personal advice. If you’re not sure whether an investment is right for you please seek advice. If you choose to invest the value of your investment will rise and fall, so you could get back less than you put in.

21 August 2023

Summer 2023 has brought the global effects of rising temperatures into focus. Forest fires from Rhodes to Maui and record-breaking global temperatures have led news headlines in July and August.

While climate change may not be directly to blame for the fires in Hawaii and elsewhere, rising global temperatures and droughts appear to make the situation worse. Looking to the future, this seems to be a pattern and global temperatures have been consistently rising in recent years.

According to scientists at NASA, July was the hottest month they had ever recorded and their records date back to 1880. July was 0.24 degrees hotter than any other July temperature recorded, and it was more than 1.1 degrees warmer than the average July temperature between 1950-1980.

Parts of Northern