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JPMorgan Warns of Climate as a Threat to ‘Human Life as We Know It’


Photographer: Joe Raedle/Getty Images 

The most extreme risks of climate change can’t be ruled out -- including the collapse of human civilization, according to JPMorgan Chase & Co.

“The response to climate change should be motivated not only by central estimates of outcomes but also by the likelihood of extreme events,” bank economists David Mackie and Jessica Murray wrote in a Jan. 14 report to clients. “We cannot rule out catastrophic outcomes where human life as we know it is threatened.”