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Blackstone to merge Industrials and St Modwen Logistics - React News

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Blackstone to merge Industrials and St Modwen Logistics - React News

UK & Ireland

12 Feb 2024 13:09 GMT | by Chris Borland, David Hatcher

Combined entity will have a fresh name

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Peach Property’s CFO to depart

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Prime space shortfall subdues European office take-up

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BNP Paribas Real Estate bulks up London capital markets team

Related Knowledge Center: Climate economics

State of Play

Climate change is now a driver of the world’s economy. The impact is profound:

  • Catastrophic weather events — hurricanes, floods, droughts, high temperatures — are more frequent and more extreme. The cost can be measured in both the initial damage caused and the longer-term impact on the economy.
  • Vulnerable communities are increasing climate-related investments, hardening infrastructure and taking other protective measures.
  • Investment in carbon capture and storage technologies is increasingly rapidly.
  • Governments are making investments and crafting regulations to reduce emissions of carbon dioxide and other greenhouse gases. 

On top of all of this is the cost of uncertainty. As the Fourth National Climate Assessment, released in 2018 by the U.S. Global Change Research Program, says, “The assumption that current and future climate conditions will resemble the recent past is no longer valid.”

More informationabout Climate economics