Could Climate Crash the Economy?
February 14, 2020
A look at climate change’s threat to one of the pillars of the banking system – home mortgages and insurance.
Climate Denial Crock of the Week
with Peter Sinclair
-
-
Pages
Links
Climate Science Legal Defense Fund
-
Recent Posts
- Antarctica by Whale Cam
- Bloomberg Disses Trump, Buys Greenland
- Music Break: Billy Strings – Don't Think Twice
- Big News From Black Rock: Investment Giants Moving to Renewable Energy
- Can Bezo's Billions Move the Needle on Climate?
- Wooden Skyscrapers are, Well,..On Fire
- Climate Anxiety Overwhelming Young People
- Can Rockets be Green?
- The Weekend Wonk: Oil Industry Near Meltdown? No, Really This Time..
- More Sea Level Warnings from the Past
- CBS This Morning: Will the New Year be a New Record?
- Could Climate Crash the Economy?
- Oil Giant Vows Zero Emissions by 2050.
- CBS News: January Hottest on Record
- In Wyoming: The Move for Fossil Fuels Forever
Archives
- February 2020
- January 2020
- December 2019
- November 2019
- October 2019
- September 2019
- August 2019
- July 2019
- June 2019
- May 2019
- April 2019
- March 2019
- February 2019
- January 2019
- December 2018
- November 2018
- October 2018
- September 2018
- August 2018
- July 2018
- June 2018
- May 2018
- April 2018
- March 2018
- February 2018
- January 2018
- December 2017
- November 2017
- October 2017
- September 2017
- August 2017
- July 2017
- June 2017
- May 2017
- April 2017
- March 2017
- February 2017
- January 2017
- December 2016
- November 2016
- October 2016
- September 2016
- August 2016
- July 2016
- June 2016
- May 2016
- April 2016
- March 2016
- February 2016
- January 2016
- December 2015
- November 2015
- October 2015
- September 2015
- August 2015
- July 2015
- June 2015
- May 2015
- April 2015
- March 2015
- February 2015
- January 2015
- December 2014
- November 2014
- October 2014
- September 2014
- August 2014
- July 2014
- June 2014
- May 2014
- April 2014
- March 2014
- February 2014
- January 2014
- December 2013
- November 2013
- October 2013
- September 2013
- August 2013
- July 2013
- June 2013
- May 2013
- April 2013
- March 2013
- February 2013
- January 2013
- December 2012
- November 2012
- October 2012
- September 2012
- August 2012
- July 2012
- June 2012
- May 2012
- April 2012
- March 2012
- February 2012
- January 2012
- December 2011
- November 2011
- October 2011
- September 2011
- August 2011
- July 2011
- June 2011
- May 2011
- April 2011
- March 2011
- February 2011
- January 2011
- December 2010
- November 2010
- October 2010
- September 2010
- August 2010
- July 2010
- June 2010
- May 2010
- April 2010
- March 2010
- February 2010
- January 2010
- December 2009
- October 2009
- September 2009
- August 2009
- July 2009
Blogroll
- A Few Things Ill Considered
- AGW Observer
- Clear Climate Code
- Climate Change Ireland
- Climate Charts
- Climate Place
- Climate Progress
- Climate Victory
- ClimateSight
- Deep Climate
- Deltoid
- Denial Depot
- From a Glaciers Perspective
- Glimpse Science Network
- James Empty Blog
- Mind of Dan
- More Grumbine Science
- OilPrice.com
- Only In It for the Gold
- Open Mind
- Our Changing Climate
- Planet Experts
- Post Normal Times
- RealClimate
- Rocky Mountain Institute
- Scholars and Rogues
- Shale Gas Bulletin Ireland
- Skeptical Science
- Solar Power Now
- Terra Alert
- The Cost of Energy
- The Way Things Break
- Yale Climate Forum Playlist
February 14, 2020 at 11:27 am
Of course the climate cannot crash the economy but the ridiculous energy policies to fight a crisis that does not exist will certainly crash the western economies. Greta claims that the crisis is causing deaths. It is not. Deaths due to climate events have fallen rapidly, but they will rise if her beliefs are implemented. China and Asia meanwhile will continue to dominate the world. The west is finished, the sleeping dragon is awake.
February 14, 2020 at 4:33 pm
Data, references, “Not-in-my-name”, not declarations. Proof that “Deaths due to climate events have fallen rapidly” please. And not some crocky reference from WUWT, please.
$25 billion spent by the U.S. gov’t each year to repair because of storms?
More by states?
More by private sector?
More by insurance?
What happens to property values at the coasts when the U.S. government pulls out?
February 14, 2020 at 6:46 pm
Also => How Climate Change Impacts the Economy
February 14, 2020 at 7:05 pm
=> Global warming will happen faster than we think
=> That’s how fast the carbon clock is ticking
February 14, 2020 at 6:50 pm
Last not least => Climate change and disaster displacement
Research indicates that the Earth’s climate is changing at a rate that has exceeded most scientific forecasts. Some families and communities have already started to suffer from disasters and the consequences of climate change, which has forced them to leave their homes in search of a new beginning.
UNHCR recognizes that the consequences of climate change are extremely serious, including for refugees and other people of concern. The Global Compact on Refugees, adopted by an overwhelming majority in the UN General Assembly in December 2018, directly addresses this growing concern. It recognizes that ‘climate, environmental degradation and natural disasters increasingly interact with the drivers of refugee movements.’
February 17, 2020 at 7:35 pm
Well, the number of trees killed by the exploding population of pine bark beetles is going down because most of the vulnerable trees have already died. So you have that.
Hey, anonymous drive-by: Got anything to show that you’re not just a disruptive Macedonian troll?
February 14, 2020 at 12:14 pm
“Could Climate Crash the Economy?”
Half of the sci-fi / horror / post-apocalyptic pictures made anticipate this. And since they are all really documentaries from parallel universes, it’s not a question of “if” but “when”.
Our economic, agrarian, communication, transportation, manufacturing, and distribution systems are highly complex and deeply inter-dependent. Complex systems can bend, but they also fall apart very quickly.
If we are unlucky enough to experience a certain confluence of events, our children or grandchildren will experience this. Survivalists are not crazy – their time table is just premature.
And Not-in-my-name? You will be among the first on the dinner platter if there is any justice in that new world.
February 14, 2020 at 7:07 pm
He’ll be one of the first preppers.
February 17, 2020 at 7:44 pm
Some, like Soylent Green and Snow Piercer, give the reason behind the devastation. Others just depict a future of impoverished societies living in the remnants of our material world.
https://www.imdb.com/title/tt0094764/
February 14, 2020 at 4:28 pm
Looks like the Russian/Trump trolls have returned for more pot-shots. Don’t they get, that that the same tactics they use on their Republicans websites don’t work here?
— no citations of any journal studies
— claims “proved by loud assertion” only
The video is actually a piece from Biz-friendly / Trump-friendly CNBC’s housing guru.
I’m waiting for the “Mars Attacks” moment when the country music explodes the heads of these idiots inside their reality-proof helmets.
February 14, 2020 at 6:48 pm
Why Russian? There are more than enough science deniers in the western world.
February 14, 2020 at 6:54 pm
=> Climate denialism: It’s an Anglo-Saxon thing
=> Why is climate scepticism so successful in the United States?
February 15, 2020 at 10:39 am
The Anglo-Saxon thing is real, and bizarre– countries with some of the longest traditions of rule-of-law and (broadly) democratic governance display much more widespread denial (notably on the right-wing side of our politics). I think the underlying problem goes back a long way– see “The Paranoid Style in American Politics,” by Richard Hofstadter (online at Harper’s).
February 14, 2020 at 7:24 pm
What economy will there be on a planet without humans? We are headed towards a climate that will threaten humanities existence. Crash the economy, crash civilization those may now be inevitable, but do we really want to go to our own extinction as well?
February 14, 2020 at 11:01 pm
There is more to the economy than estate and home ownership, but as the 2007-2008 crisis showed it is a huge part. The previous global financial crisis was mostly started off by excessive risk taking by some banks, and from the video only short term risks seem to count, at least in the estate business.
Obviously we do need to look further ahead and plan, plan, plan. – not everybody will be happy.
“As sea level rise, a senior figure in the Environment Agency says he wants the country to start “difficult conversations” about which areas should be protected and which should not.”
https://www.bbc.com/news/av/uk-51504683/coastal-erosion-the-homes-lost-to-the-sea
February 14, 2020 at 11:04 pm
With every tide and storm, the water keeps trying to move back and reclaim the town. Flood maps, even in more moderate scenarios, show much of the city inundated if nothing is done.
https://www.latimes.com/california/story/2020-02-11/foster-city-sea-level-rise
February 14, 2020 at 11:05 pm
The extreme ice loss caused more than three metres of average global sea level rise – and worryingly, it took less than 2˚C of ocean warming for it to occur.
http://theconversation.com/ancient-antarctic-ice-melt-caused-extreme-sea-level-rise-129-000-years-ago-and-it-could-happen-again-131495
February 14, 2020 at 11:07 pm
Since the 1960s, when huge concrete embankments were built along many stretches of shore, several generations have grown up taking coastal protection for granted.
https://www.bbc.com/news/science-environment-51283716
February 14, 2020 at 11:08 pm
“We have understood the causes of climate change, and we’ve been warned about its impacts for decades. As we’ve seen this summer, the impacts are now impossible to ignore.”
https://www.anu.edu.au/news/all-news/this-is-not-a-climate-emergency-it%E2%80%99s-much-more-serious
February 15, 2020 at 9:06 pm
It plays now. Wouldn’t the first time “not available in your location”
February 17, 2020 at 7:40 pm
The part of the video with the foreclosure auction reminded me that, like the many illegally re-sold flooded cars after Katrina, there will be people who buy the flooded homes to be prettied up and ultimately rented or re-sold without going to the extra expense of treating for hidden mold.