The impact of climate change on the global economy has profound implications for various sectors. In recent years, extreme weather phenomena, such as floods, forest fires and heat waves, have shown how significant the effects of climate change are on the economy. The decline in agricultural productivity is one of the direct impacts. Given the dependence of a number of countries on the agricultural sector, a decline in crop yields will result in food inflation and price increases that threaten global food security. Apart from agriculture, the energy sector is also affected. Demand for clean energy is increasing, but insufficient investment in environmentally friendly technologies could lead to an energy crisis. Changing energy demand patterns, coupled with the risk of infrastructure damage from extreme weather, are forcing countries to increase spending and overhaul their energy systems. The insurance industry is also experiencing significant changes. The increasing frequency and intensity of natural disasters can cause an increase in insurance claims. This encourages insurance companies to increase premiums, which in turn can affect people’s purchasing power and economic growth in the countries most affected. Transportation and logistics are also facing serious challenges due to disruption to shipping routes due to natural disasters. Implementing additional fees to mitigate the impacts of climate change is also a responsibility that must be borne by global companies that may experience significant losses. The health sector, although often not taken into account, is also affected by climate change. The increase in climate-related diseases, such as malaria and respiratory diseases, will increase public health costs, thereby slowing economic growth. Developing countries, with weaker health systems, will face additional pressures disrupting their economies. The tourism sector, one of the pillars of the global economy, could also be threatened. Popular holiday destinations may lose their appeal due to climate change, such as the loss of beaches due to sea level rise or environmental degradation. This can cause major economic losses for countries that depend on tourism as a main source of income. Investment in green technology and sustainability is becoming more urgent. Many companies are starting to invest in innovative solutions to reduce their carbon footprint and adapt to the changes that are already occurring. This drives the growth of new economic sectors and creates jobs, although this transition is not always easy. The economic gap between developed and developing countries may widen due to the negative impacts of climate change. Some countries are better able to adapt and invest in infrastructure that reduces climate risks, while others are forced to struggle to meet the basic needs of their citizens. This injustice is a challenge in itself in efforts to create an inclusive and sustainable economic system globally. Overall, like it or not, the impacts of climate change call into question the viability of the current economic model. Innovative solutions, global collaboration, and a balance between economic growth and environmental sustainability are key to facing this challenge. With collective awareness and action, we can reduce the risks we face and promote a more resilient and sustainable economy for future generations.