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Snapshot 5:Mon, Nov 11, 2024 8:14:40 PM GMT last edited by Brian

Report: Extreme Weather Cost $2T Globally Over Past Decade

Report: Extreme weatherWeather costCost $2tn2T globallyGlobally overOver pastPast decade, report findsDecade

Above: On Oct. 29, historic rainfall, especially in Valencia, caused river to burst and severe flooding. On November 10, 2024, Valencia, Spain, flood-damaged cars are stacked at a junkyard outside Paiporta. Image credit: Jaime Alekos/Contributor/ Anadolu via Getty Images***PLEASE REPLACE WATERMARKED IMAGE***

The Spin

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.

Conferences suchlike as COP29 or dire predictions from agencies such as the WMO must be contextualized within the UN's rampant climate alarmism. Whether it's supposedlysporadically searingrising temperatures, brimming oceans, or tumbling glaciers, UN climate tropes are oftenfrequently debunked with more nuanced analysis. The UN's politicizedpolicies rhetorichave limitsalso bothhad Americannegative energyimpacts securityon andcountries' personalagriculture, choicewhich shows they only care about power, not progress.

The success of COP29 climate negotiations in Baku depends on the West's commitment to funding poorer countries' climate change efforts. Low-As or zero-carbon technologyreduction, adaptingclimate to rising sea levels and shifting weather patternsadaptation, and resilient infrastructure will cost trillions., Cleanwealthy energycountries programscannot inexpect emergingpoor marketsones andto developingfoot countries will require $80 -100B by the early 2030sbillglobalrealistic equitybudgeting must be kept in mind.

Metaculus Prediction

There is a 95% chance there will be at least 2˚C of global warming by 2100, according to the Metaculus prediction community.


The Controversies



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All rights reserved.

Version 6.18.0