[La Flames Fan]

Originally Posted by stang

https://business.financialpost.com/o...climate-change

Uhhhh...I kinda feel like there's a few things that should probably be factored in the actual report that aren't.

Based off this report:
https://www.moodysanalytics.com/-/me...ate-change.pdf

This analysis reveals no acute effects of climate change that could cause recessions. The only source of acute effects would emanate from a heightened occurrence and severity of natural disasters, and those are not covered in the scope of this work.

Until around 2030, the tangible effects of climate change will mostly be felt by the increased incidence and severity of natural disasters, which are not covered in this work.

International immigration is not assumed in any of these four scenarios, but it is a major risk. Slower economic growth in the most affected countries could prompt residents of those countries to relocate. If the degree of emigration is large enough, it could put strain on certain countries that are receiving the immigrants. Already in the U.S., the issue of immigration has developed into one of significant political debate.

...this analysis does not delve into subnational economics, but the effects become far more dire in certain locations than across entire countries, particularly for the sea-level rise channel. The Environmental Protection Agency has done work to quantify the economic effects of sea-level rise and storm surge at the metropolitan level, and it estimates that in the Tampa area alone the damage could reach $90 billion by 2100.

It would be too simplistic to say that climate change does not hurt the U.S. The scope of our study was not comprehensive, and there are a number of factors that were not considered in this work.

Climate change has disparate effects on the world’s economies. It creates winners and losers and varying incentives to act. Emerging economies, oil producers, and those in warmer climates are most vulnerable. Its most draconian effects occur during the second half of this century.

Our economic scenarios only go through 2048.