Climate change is the next mega-shock coming for markets and the economy, think tank says

• Climate change is the next mega-shock about to hit markets, a report from Chatham House said.
• The UK-based think tank warned a series of disasters could hit the economy due to global warming.
• "Whatever the reasons for the markets' current equanimity on climate risks, a sharp adjustment looks increasingly probable."

Climate change is the next shock coming for the global economy, and markets are in for a sharp adjustment as temperature-related headwinds take their toll, according to the Chatham House.