Climate change risks could cost big companies $1 trillion: Report

A report said that big companies worldwide could face $1 trillion in climate change-related costs in the next five years due to risks such as supply-chain disruptions and stricter climate regulations, The Independent reported. The report by U.K.-based organization Carbon Disclosure Project said that the companies may need to write off at least $250 billion of assets such as properties in high-risk flood zones or shut down power plants in response to tighter pollution rules. 

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