Economic Impacts of Climate Change: Are We Nearing a Tipping Point?

Doug McIntyre and David Callaway discuss the economic impacts of climate change, noting that insurance companies are withdrawing from high-risk areas and the strain on the electrical grid. They foresee private grids by tech companies altering U.S. economics. Despite record-high markets, they predict spreading economic effects, including rising water rates and insurance dead zones. These will eventually lead to financial losses and a potential financial crisis, indicating a gradual move towards an economic tipping point.