But so far, emissions have been rising every year, once again to a record high in 2018. And there are serious financial consequences. In 2018 the world suffered $ billion in losses from extreme events related to climate change. Earlier this year, Lloyd's of London announced a $ billion loss, due to an increase in extreme-weather related insurance claims.
We have seen the first - and probably not last - Climate-Change Bankruptcy with the fast fall of PG&E after California’s wildfires.