Climate Change Is Costing Us Billions #economics #climatechange #insurance #education
Economics Explained 
climate change, it’s a pretty hot topic (pun intended).
But did you know that it’s also costing us billions in economic prosperity? In this video, we take a look at the ways climate change is impacting our economy – and how we can begin to address it.
This video is perfect for anyone looking to learn more about economics and climate change – or for anyone who wants to help make a difference in the world!
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About The Author
BS.
Natural disasters aren't increasing in frequency or intensity and the rate at which people die from them is PLUMETTING.
They are being recorded and measured more accurately, which makes us think that they're more frequent and/or dangerous, see availability bias.
Climate change may cost a lot of money in today's term, but if one assumes continued economic growth at similar rates, it's a drop in the bucket compared to the nominal cost. It's been described as making us a few percentage points "poorer" than we would otherwise be. Which means we would be infinitely wealthier than we are today still.
Doomsday peddling does nothing but panic people into thinking it's the end of the world, when in reality most of us will probably be ok and those that won't be, could still have access to man-made solution to their problems, provided they aren't part of the world's poorest.
As always, it's the poorest of the poor that will suffer the most and it's unconscionable for rich westerners to tell them that they can't grow the same way we did, because that's condemning them to a dire future.
Oh wow almost like capitalism collapses when dealing with long term issues
But you still have no proof
what happened to this channel?
What happened to this channel? What are all these garbage shorts? I remember good long-form videos getting posted now its all ideological and inaccurate shorts.
Insurance company just use this as excuse to increase the price
Insurance is just a scam
The problem is the cost of current renewables replacing fissile fuels is Trillions in excess of 30 Trillion to be carbon natural
That’s a much larger number than billions….
6th warmest year on record? Not even remotely close. When you exclude data points that don't support your foregone conclusion, you have a massivelt flawed study.
costs are going up or the dollar value is going down?
I would prefer if instead of doing all of these shorts you did more long videos even if it only 5 minutes.
This is fake news. Banks still give 30 year loans to buy seaside land.
It has been proven the climate change cult have been cooking the books. Australian government is a leading lier.
Boomers= but Fox and Republicans say it’s fake news 😮
Your entire argument is correct IF anthropogenic climate change is correct. Bluntly, the release of carbon dioxide by human activity has caused little, possibly no, significant changes in weather. Think about it, the 1 degree C increase over the past 170 years is a fraction of the difference between the low and high temperature in any location on any given day. Deaths due to climate/weather related disasters (floods, droughts, storms, wildfires, etc) are 1/50th what they were when the UN started taking world-wide statistics about 50 years ago. The Earth has had many periods of much warmer (and cooler) weather – just in historic times, much less prehistoric times and paleontological evidence indicates carbon dioxide levels of many times today's were the norm several times in the earths past – times when plant and animal life were much more abundant than today.
If you're so worried about GLOWBAWL WARMING!!! then why are you on the internet using electricity? Go live in the forest and eat the bugs, Lead by example. Hypocrites, the lot of you.
Went from global warming to climate change…what will it be next…global chilling.
Without an economy you wouldn't even have tjat 4.5% GDP. This whole climate change BS is stupid to worry about.
Yeah, I've had enough of these stupid shorts now.
Gorwing bullseye efect. Cities are getting denser, and the properties are appreciating in value. Regardless of climate change, this type of disaster would cause more damege because there is more to destroy.
Lies global warming doesn't cause blizzards the blizzards we're having now we've had volcanic activity the last two years we had the blizzard of 1978 mount st Helens erupted at that time . 2022 we've had several volcanos erupting last year not to mention California burning there state down every year. Pollution from natural disaster is the main problem . These dilholes will say anything to claim a disaster .
Dumb ppl be like: thats fake….. Its always been this bad
It is impossible to believe that significant climate change legislation has or will pass the Senate, in spite of what the White House may claim.
Drive less, fly less, WFH if you can, don't build a house where there was no house before, and make sure your company pays at least 75, 100, or $200 per ton for carbon offsets. Even then you will almost certainly need to increase your income taxes in order to pay for more flood walls, flood barriers across waterways, and floodgates.
Climate change is responsible for blizzards and wildfires….
It is annoying that the narrative is followed. It is only the highest temperature since 1850 when it was the coldest it had been in the previous 10,000 years. Its not the hottest on record.
That GDP loss is gonna be nothing compared to finding out what happens when a worldwide economy based on infinite growth meets the harsh realities of a finite world
Americans: Let's build houses from wood.
And yet there is NO data evidence that shows any increase in extreme weather events. In fact the complete opposite is true.
it's called weather.
This has been predicted since the mid-1800s, as popularised by Tyndall. We're paying for the profligacy of previous generations, who stuck their collective heads in the ground and continue to do so.
None of this is true. Severity and frequency of natural disasters are down and have been for decades. Inflation and a buildup of infrastructure has much more property and more expensive property at risk than ever before. I am a property insurance underwriter and this is common knowledge in the industry.
Stop charging your phone and safe the planet
Your record is rather small, expand it to include the Medieval warm period, or the warmer Roman period, or the even warmer Minoan period, then you'll notice its been getting cooler since the Minoans.
Climate change is a hoax
when i was young and i heard of illegal polluting rivers by factories i was thinking its some patological cases when like poor nearly unprofitable companies by poor administration they can hide this but now i know that the biggest companies makes pollution and brake human laws and they nit even pays taxes they schould
The frequency of natural disasters is not increasing. Check NOAA and NASA data. Insurance costs are increasing because of inflation. This video is just fear porn. Do better.
Stop lying. Real science shows that none of this is true. Stop lying
WRONG! Global Climate Change is destroying the only home we have. No amount of money can fix what has happened. The only cure is humanity has to stop needlessly wasting resources and 90% of the world operates competitively that waste resources and creates chaos of traffic, energy use, fossil fuel use and so much wasteful time. We only need one product of each not thousands. Millions of useless jobs that only generate money and no value towards basic needs of humanity. All the non essential operations needs to shutdown and transition to a global economy free of capitalism. A world without money rationing responsibly at a pace to meet everyones needs without cost. That is needs not wants.