• 

  Credit: Lucas Jackson/Reuters

  A Goldman Sachs report on the impact of climate change on cities across the world makes for grim reading. 

• Rising temperatures would lead to changing disease patterns, more intense and longer-lasting heatwaves, more destructive weather events, and pressure on the availability and quality of water for drinking and agriculture.
• Major cities were also highlighted at risk of flooding with parts of New York, Tokyo, and Lagos all at risk of being partially submerged. 
• View Markets Insider for more stories.

Goldman Sachs released a report on the effect of climate change on cities around the world and the results made for grim reading.

The bank’s Global Markets Institute, led by Amanda Hindlian, warned of “significant” potential risks to the world’s largest cities, which are especially vulnerable to more frequent storms, higher temperatures, rising sea levels, and storm surges.

Cities generate about 80% of global GDP and are home to more than half of the world’s population, a share that Goldman says, citing the United Nations, is projected to reach two-thirds by 2050. About 40% of […]