--- title: "Meaning & Key Takeaway of: Failing to curb the impact of climate…" description: "\"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 environ..." image: "https://sms4smile.com/quotes/i/4c2/nicholas-stern-14654_annuals_failing-to-curb-the-impact-of-climate-ch_2585317.png" --- # Failing to curb the impact of climate change could damage… ![“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.” quote by Nicholas Stern](https://sms4smile.com/quotes/i/4c2/nicholas-stern-14654_annuals_failing-to-curb-the-impact-of-climate-ch_2585317.png) [Download](https://sms4smile.com/quotes/i/4c2/nicholas-stern-14654_annuals_failing-to-curb-the-impact-of-climate-ch_2585317.png) [Open image](https://sms4smile.com/quotes/i/4c2/nicholas-stern-14654_annuals_failing-to-curb-the-impact-of-climate-ch_2585317.png) > “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.” [Nicholas Stern](https://sms4smile.com/quotes/author/nicholas-stern/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Warning that unchecked climate change could cause economic damage comparable to major historic crises. **In simple terms:** Climate change threatens global economy severely. Key Takeaway Act now to mitigate climate risks. Themes environment economics risk Mood urgent analytical Type policy economic When to use this quote - policy making - investment decisions - public awareness Key Concepts Externalities systemic risk Questions to Reflect On - What policies can reduce climate risk? - How to align economic incentives with sustainability? A Different Perspective Economic forecasts can be uncertain. ★ ★ ★ ★ ★ No ratings yet [Change](https://sms4smile.com/quotes/about/change/) [Climate](https://sms4smile.com/quotes/about/climate/) [Climate change](https://sms4smile.com/quotes/about/climate-change/) [Damage](https://sms4smile.com/quotes/about/damage/) [Devastation](https://sms4smile.com/quotes/about/devastation/) [Economy](https://sms4smile.com/quotes/about/economy/) [Environment](https://sms4smile.com/quotes/about/environment/) [Environmental](https://sms4smile.com/quotes/about/environmental/) [Global economy](https://sms4smile.com/quotes/about/global-economy/) [Great depression](https://sms4smile.com/quotes/about/great-depression/) [Gross domestic product](https://sms4smile.com/quotes/about/gross-domestic-product/) [Impact](https://sms4smile.com/quotes/about/impact/) [Politics](https://sms4smile.com/quotes/about/politics/) [War](https://sms4smile.com/quotes/about/war/) [War of the worlds](https://sms4smile.com/quotes/about/war-of-the-worlds/) [World](https://sms4smile.com/quotes/about/world/) ## Related quotes > [Cold-turkey deficit reduction would cause a significant recession. 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