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Snapshot 12:Mon, Nov 11, 2024 9:01:36 PM GMT last edited by MattKalman

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 copyright: 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 like COP29 must be contextualized within the UN's rampant climate alarmism. Whether it's sporadically rising temperatures, brimming oceans, or tumbling glaciers, UN climate tropes are frequently debunked with more nuanced analysis. The UN's policies have also had negative impacts on countries' agriculture, which shows they only care about power, not progress.

The success of COP29 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 2030sbill—realistic budgeting 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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