Climate Inaction Costlier Than Investing Now, Deloitte Warns

Deloitte’s top global executive called on corporate and global leaders meeting in Davos, Switzerland, to turn away from fossil fuels, arguing the investment needed to counter climate change would boost global production by $43 trillion over the coming decades.

“The time for debate is over. We need swift, bold and widespread action now,” Punit Renjen, CEO of the global firm, said in a statement. “Inaction is a far costlier choice.”

In a report released Monday in connection with the annual World Economic Forum, Deloitte estimates that worldwide ...