“This is about the culpability of one country to another country, not the effect of overall global warming on a country.”
When we talk about the economy and climate change, it’s usually around issues like job losses or gains as we try to shift from fossil fuels to clean energy. Or we talk about how we’re going to fund climate solutions. But a new study out from Dartmouth College has found that there is firm ground on which to quantify income losses around the world because of climate change.
“This research provides an answer to the question of whether there is a scientific basis for climate liability claims — the answer is yes,” Christopher Callahan, the study’s lead author, said in a statement. “And as farmers struggle to stay afloat by finding ways to adapt to changing conditions, prices will likely increase and be passed along to consumers,”A report from the Swiss Re Institute, a reinsurance company, warns that the global economy could loseAnd, of course, “some places are much more exposed to economic damages from climate change than are other places; the same increase in atmospheric carbon concentration will cause larger per capita damages in India than in Iceland,”the Brookings...
As for the United States, in the past 40 years there have been 300 weather and climate-related disasters that resulted in more than $1 billion in losses each, Donald L. Griffin, a vice president at the American Property Casualty Insurance Association,in 2021. But the U.S. is suffering primarily because it has contributed so much pollution to the atmosphere.
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