<address id="9fb5l"></address>

        Space News from SpaceDaily.com
        Deloitte scraps report on climate change benefit for GDP

        Prague, Oct 2 (AFP) Oct 02, 2020
        Global accounting and consulting firm Deloitte said Friday it had withdrawn a report that had concluded extreme climate change would benefit a third of the world's economies over the course of the 21st century.

        Published online by Deloitte's Prague office last week, the analysis said that countries in colder latitudes such as Canada, Norway and Russia "should benefit the most from rising temperatures."

        The Czech Republic's GDP, for example, would likely rise 25 percent by 2100 "in the fastest warming scenarios," according to a summary of the report.

        In a statement obtained by AFP on Friday, Deloitte, one of the world's "Big Four" accounting firms, said it had withdrawn the report from its website.

        "The unfortunate wording does not represent Deloitte's global viewpoint on the impact of climate change, therefore the report has been withdrawn and is no longer publicly available," the firm said in the statement.

        "Deloitte believes it's essential that everyone -- from governments to businesses to NGOs and individuals -- act to protect our planet," it added.

        The findings of the report, based on the relationship between average annual temperatures and GDP, ran counter to most research on the long-term economic impacts of climate change.

        Recent studies in peer-reviewed journals show the world economy taking a huge hit from global warming by century's end, shrinking up to 20 percent by 2100 if greenhouse gas emissions are not reduced.

        Experts asked by AFP last week called the report "naive and misleading" as well as "perfectly insane".

        Deloitte's worldwide operations pulled in more than $45 billion for the fiscal year ending in May 2019.

        Space News from SpaceDaily.com
        SpaceX scrubs Starlink launch until Thursday, if weather cooperates
        Three-man US-Russian crew returns to Earth from ISS
        NASA images suggest OSIRIS-REx collection arm grabbed rocks from Bennu

        24/7 Energy News Coverage
        The highest heat-resistant plastic ever is developed from biomass
        Bringing construction projects to the digital world
        "What to Expect When You're Expecting Robots"

        Military Space News, Nuclear Weapons, Missile Defense
        Nuclear weapons ban treaty nears coming into force
        Mark Esper: U.S. troops leaving Germany likely to stay in Eastern Europe
        TriSept inks US Army cubesat mission set to launch aboard a Rocket Lab Electron

        24/7 News Coverage
        Microbial diversity below seafloor is as rich as on Earth's surface
        Satellite imagery and broadband set to grow four fold in Precision Ag Market by 2029
        A renewable solution to keep cool in a warming world

        All rights reserved. copyright 2018 Agence France-Presse. Sections of the information displayed on this page (dispatches, photographs, logos) are protected by intellectual property rights owned by Agence France-Presse. As a consequence, you may not copy, reproduce, modify, transmit, publish, display or in any way commercially exploit any of the content of this section without the prior written consent of Agence France-Presse.