Economy meets climate
"The physical and economic losses arising from the recent storms that battered northern California are estimated to be between $31bn and $34bn, according to forecasting service AccuWeather"
(The name of this blog is ever more appropriate!)
If it isn't already happening, the economic losses will soon reach the point where the only help coming will be a few crates of bottled water and then you are on your own. I seem to recall that some places flooded out last year in Australia were complaining that they felt abandoned.
Govt's around the world are already guilty of poorly maintaining existing infrastructure. I doubt in the middle of a global recession/depression the funds will be available for major reconstruction. Insurance companies will fold.
Donations to food relief in struggling countries has already started drying up. It should be an interesting but stressful year.
The first 3 climate stories today (2/15/23) highlight the phenomenon celebrated by this thread. Weather disasters “always” increase GDP …
until they dont.
Its pretty clear that tipping point has been reached? Last fall, Dr. Morgan announced that the availability of cheap oil has hit its limit. Now combine that with the fact that climate is also now limiting GDP and it is pretty clear that standards of living will be on the decline from now on. Be very grateful if you, like me, live in the heart of the empire where BAU will likely end last.