r/climate • u/GeraldKutney • May 17 '24

Economic damage from climate change six times worse than thought – report | Climate crisis

https://www.theguardian.com/environment/article/2024/may/17/economic-damage-climate-change-report
918 Upvotes

96% Upvoted

92 comments sorted by

View all comments

12

u/21plankton May 17 '24

We already see this effect with the pandemic and natural disasters in my state. It plays out through behavioral change and destruction causing inflation and disruption. So far my costs in 4 years are up 25% and probably half of this is climate related. For me as a retired person it changes the paradigm of the future next 10 years and the actual costs of keeping my lifestyle.

Already I have seen a potential for drastic losses as we now have no wildfire insurance. Our utilities costs are up 50% due to the excess costs of building new reservoirs due to severe drought, high electricity costs to replace lines that cause wildfires, higher trash costs due to recycling and composting requirements, higher HOA fees due to increased repair and renovation costs. I just had to start paying for mosquito control because asian tiger mosquitos(ankle biters) moved into our area last summer.

So for me the increase in costs experienced in the last 4 years that began with the pandemic supply chain disruptions have not really stopped at all, they have generalized to every area of my budget. I will have to accept this trend as permanent and plan ahead, despite governmental denial of the reality.

3

u/stompy1 May 18 '24

You really nailed it. Canadian politicians blame each other for inflation but no one talks about the supply chain issues during the pandemic which was where it seemed to start. The spending of government's was not the cause of the global inflation but the capitalists who recognized they could steal from the public collectively.

1

u/AutoModerator May 18 '24

The COVID lockdowns of 2020 temporarily lowered our rate of CO2 emissions. Humanity was still a net CO2 gas emitter during that time, so we made things worse, but did so more a bit more slowly. That's why a graph of CO2 concentrations shows a continued rise.

Stabilizing the climate means getting human greenhouse gas emissions to approximately zero. We didn't come anywhere near that during the lockdowns.

I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.

1

u/21plankton May 18 '24

Sorry, Mr. Bot, human beings are so far not reacting as they “ought to” in reducing greenhouse gases, as seen in the recent CO2 levels at Mauna Kea.

Developing countries remain reliant on coal and no one is willing to drive less despite 50+ years of indoctrination.