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Munich Re to Rio Tinto to bear costs of climate change, UN says

Bloomberg News: Corporations from Munich Re to Rio Tinto Group will bear rising costs from pressures on the Earth’s environment such as changes in the climate and water shortages, according to a United Nations Environment Program report. Their success will increasingly hinge on the ability to adapt to a “rapidly” changing environment and to develop goods and services that help reduce the effect of climate change and are less reliant on water and harmful chemicals, the agency said today in a report released at Bloomberg’s...