As the world speeds towards 2C of global heating, the risks of extreme weather disasters and climate tipping points are increasing fast. But current economic models used by governments and financial institutions entirely miss such shocks. This is because the models assume the future will behave like the past, despite the burning of fossil fuels pushing the climate system into uncharted territory. #climateChange #climateCatastrophe #climateEmergency #climateBreakdown #tippingPoint https://www.theguardian.com/environment/2026/feb/05/flawed-economic-models-mean-climate-crisis-could-crash-global-economy-experts-warn