Climate Could Crush The Economy

Month after month, a new analysis of what global warming will do to the economy is released. Some relate to insurance costs. Others are drawbacks to green energy, which are often brought on by public policy. A new study offers a more staggering forecast. 

According to The New York Times, many economic models show that goals to slow global warming have failed. The rate at which the global temperature will rise is at the high end of expectations, ruining parts of the worldwide GDP.

Air Conditioning

Among those analyses are one from Morgan Stanely, the UN, the Intergovernmental Panel on Climate Change, and Allianz SE. They paint a picture of heat that can trap large populations in cities, air conditioning costs that can take down grids, electricity rationing, and storms that can wreck large cities. Oceans will rise, and new deserts will form.

If these forecasts are true, it is hard to imagine how the population will adapt to the violent changes. In many cases, they cannot. Even climate migration is not an option. Moving millions of people from place to place in India is impossible, nor is moving people away from the American ocean coastlines. 

The worst economic threats of climate change leave parts of the world’s population stranded and without financial resources. The ultimate effects of that are unimaginable.

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