Climate change is big money. But are we getting value for what we’re spending? How do the costs of climate solutions compare with the costs of climate change itself? Let’s talk about climate change is already making you poorer.
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Summary
Climate change costs trillions, impacting economies now and in the future. The least effective approach is doing nothing, which exacerbates the problem.
Highlights
- 🌍 Climate change is causing economic losses now and projected to worsen.
- 📉 A 7% drop in global GDP by 2100 due to rising temperatures.
- 🍽️ Food prices are increasing due to climate-related agricultural impacts.
- 🏠 Insurance costs are surging because of more frequent natural disasters.
- 🔥 Fossil fuel subsidies are making us poorer, costing $13 million per minute.
- 💡 Effective climate solutions are cheaper than the damages caused by inaction.