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The most extreme risks of climate change can’t be ruled out -- including the collapse of human civilization, according to JPMorgan Chase & Co. “The response to climate change should be motivated not only by central estimates of outcomes but also by the likelihood of extreme events,” bank economists David Mackie and Jessica Murray wrote in a Jan. 14 report to clients. “We cannot rule out catastrophic outcomes where human life as we know it is threatened.”

The analysts, who warned last year of ‘Black Swan’ tipping points that could push the planet and the economy into uncharted territory, also said that the longer that climate change action is delayed, the more costly it’ll be to address later.

Governments, central banks and business leaders are beginning to grapple with the impact of climate change, including extreme weather, drought and floods.

 

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