1 in 4 U.S. homeowners is financially unprepared for costs of extreme weather, report finds
CBSSEP 2024
Climate change is not a problem for the future; it is a reality with immediate consequences, costing the world trillions of dollars. World leaders at COP29 in Baku must recognize that financing climate action in the developing world is not an act of generosity. All nations must immediately transition to low-carbon, climate-resilient development. Every dollar we invest in a more resilient global economy will benefit us all.
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The success of COP29 climate negotiations in Baku depends on the West's commitment to funding poorer countries' climate change efforts. Low- or zero-carbon technology, adapting to rising sea levels and shifting weather patterns, and resilient infrastructure cost trillions. Clean energy programs in emerging markets and developing countries will require $80 -100B by the early 2030s—global equity must be kept in mind.
There is a 95% chance there will be at least 2˚C of global warming by 2100, according to the Metaculus prediction community.