Climate Change Is Costing Us Billions #economics #climatechange #insurance #education

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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[User-]

Is cost the best metric to use?
for example; My home has not changed in 5 years. Not even the paint. 5 years ago the value of it was half of what it is now. The cost of materials/labor has also increased by 25%+ in that same time frame. My home would be more expensive to repair/insure now then 5 years ago.

[kbqvist]

Pretty much the last thing I want from Youtube is to have my subscription feed cluttered by 'short' videoes..

[WitchMedusa]

For insurance the solution is simple, if you live in an area with few natural disasters then switch to a regional provider with lower costs so you aren't paying for people across the country.

Let the people who cost the most run up their insurance premiums & eventually make those companies bankrupt or just not financially visible to serve those areas.

Insurance companies are scams though, screw them.

[frigga]

Americans: Let's build houses from wood.

[bolt]

I would prefer if instead of doing all of these shorts you did more long videos even if it only 5 minutes.

[MalcolmUpton-dnjb]

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.

[dancinglizard]

Dumb ppl be like: thats Its always been this bad

[Smemoratezza]

Please, more on measuring global warming costs

[frankf]

The most costly part of climate change are policies aimed to mitigate it. Period.

China emits more CO2 than US and Europe combined, yet they are still poor on per capita basis and rely heavily on industry. What about much less industrialized regions like India or Africa? They all are just starting to transform into industrialized countries. If Africa ever gonna catch up with at least China in terms of living standards, they will need to develop huge industrial capacity which will generate vast amounts of CO2. With its 2.5 billion population (by 2050 forecasts) that translates to yearly emissions of 15 to 20 billion tonnes of CO2 - over 2x of those of Europe and US right now.

This whole carbon madness in EU and US with its taxes, certificates, regulations and restrictions will change nothing about trend that is set by the developing countries and their rise from poverty - you can't develop emerging economy with advertising agencies and TikTok influencers.

[hootsifer-darling]

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

[michaelwoods]

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.

[ThePiachu]

Heh, insurance rates going up is one thing, people being unable to get insurance at all is another!

[ZAR]

Insurance company just use this as excuse to increase the price

Insurance is just a scam

[talideon]

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.

[zachrowell]

If you look at the data on how natural disasters have impacted us around the world for the last 100 years you will see that deaths have actually plummeted contrary to “climate change” propagandists. Also, total $ amounts related to property damage from storms have gone up, but only relative to the economic growth of the area that was hit. You would expect that if a certain area has twice as many buildings and gets hit by a storm, you’d have twice the property damage. Not because the storm was any worse, but because there are simply more buildings that could be damaged. In fact, property damage estimates are not even rising as quickly as economic growth which we can assume is because buildings built more recently are much more capable of surviving storms than older buildings. The building codes these days are very strict about ensuring that buildings can withstand natural disasters of all sorts versus buildings made 30, 50, or 100 years ago.

[mikefoehr]

Went from global warming to climate change...what will it be next...global chilling.

[Sawasdeekat]

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.

[curtis]

Name something that global climate change doesn't get linked to. Any % complete challenge.

[enmanuelmartinez]

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.

[Hanzzzzz]

costs are going up or the dollar value is going down?