Bernama: Climate change will shrink the global economy by 20 per cent, according to the Federation of Malaysian Manufacturers (FMM). Taking action to mitigate and adapt to its effects was at an estimated staggering cost of about one per cent of global gross domestic product (GDP), FMM said in a statement yesterday. FMM said the role that business should play in addressing climate change needed to be discussed as the private sector was seen as the critical provider of cost-effective …