If Miami and Shanghai Go Underwater, Climate Change Will Also Be a Financial Disaster

Douglas McIntyre, Editor-in-Chief at Climate Crisis 24/7, discusses a recent New York Times report that warns of the potentially catastrophic economic impacts of climate change. He highlights that major cities like Miami and Shanghai—key financial and manufacturing centers—face the threat of submersion within decades. Their loss would significantly impact national GDP and global markets. McIntyre emphasizes that worsening climate conditions will continue to increase the risk of a global economic disaster.