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Flawed economic models mean climate crisis could crash global economy, experts warn

States and financial bodies using modelling that ignores shocks from extreme weather and climate tipping points

Flawed economic models mean the accelerating impact of the climate crisis could lead to a global financial crash, experts warn.

Recovery would be far harder than after the 2008 financial crash, they said, as “we can’t bail out the Earth like we did the banks”.

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© Photograph: Mohamed Messara/EPA

© Photograph: Mohamed Messara/EPA

© Photograph: Mohamed Messara/EPA

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Green energy sector drove more than 90% of China’s investment growth last year, analysis finds

Industry bigger than all but seven world economies, and accounts for more than third of China’s economic growth

China’s clean energy industries drove more than 90% of the country’s investment growth last year, making the sectors bigger than all but seven of the world’s economies, a new analysis has shown.

For the second time in three years, the report showed the manufacture, installation and export of batteries, electric cars, solar, wind and related technologies accounted for more than a third of China’s economic growth.

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© Photograph: Bloomberg/Getty Images

© Photograph: Bloomberg/Getty Images

© Photograph: Bloomberg/Getty Images

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