The Economic Impact of Climate Change: which countries and sectors will be worst affected?

Climate change is commonly viewed as an issue primarily affecting poorer, hotter countries and agriculture. However, research by Kamiar Mohaddes, economist at Cambridge Judge Business School and Co-Director of the Cambridge ClimaTRACES Lab, challenges this perspective. Drawing on over seven years of research with colleagues, Mohaddes explores how climate change presents significant economic risks for all countries, regardless of wealth or climate.

In this insightful video, he discusses the potential impact of climate change on various sectors, including manufacturing, retail, and transportation, revealing how losses could reach up to 24% of GDP—far surpassing the economic toll of the COVID-19 pandemic.

Discover how Cambridge Judge Business School is preparing future business leaders to address climate change and drive impactful, sustainable solutions.

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