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Business
Climate Change Now an Economic Crisis, Says TERI's Amit Kumar Thakur
✍️ Open Magazine
🗓 25 Jul 2026, 09:34 AM
👁 3
Amit Kumar Thakur of TERI emphasizes that climate change has evolved from a purely environmental concern to a significant economic threat, urging immediate policy action.
The Energy and Resources Institute (TERI) has highlighted that climate change is increasingly viewed as an economic issue rather than just an environmental one. In a recent feature in Open Magazine, Amit Kumar Thakur, a senior researcher at TERI, outlined how rising temperatures, extreme weather events and shifting precipitation patterns are affecting economic stability across sectors.
Thakur pointed out that the costs associated with damage to infrastructure, loss of agricultural productivity and increased health expenditures are mounting, creating a new set of risks for businesses and governments alike. He urged policymakers to incorporate climate resilience into economic planning and to adopt strategies that mitigate these financial risks.
The article stresses that ignoring the economic dimensions of climate change could lead to significant losses in GDP growth and exacerbate inequality. It calls for urgent investment in adaptation and mitigation measures to safeguard the economy.
While the piece focuses on the economic implications, it also acknowledges the broader environmental context, underscoring that economic and ecological concerns are deeply intertwined.
Thakur pointed out that the costs associated with damage to infrastructure, loss of agricultural productivity and increased health expenditures are mounting, creating a new set of risks for businesses and governments alike. He urged policymakers to incorporate climate resilience into economic planning and to adopt strategies that mitigate these financial risks.
The article stresses that ignoring the economic dimensions of climate change could lead to significant losses in GDP growth and exacerbate inequality. It calls for urgent investment in adaptation and mitigation measures to safeguard the economy.
While the piece focuses on the economic implications, it also acknowledges the broader environmental context, underscoring that economic and ecological concerns are deeply intertwined.