Climate Change Could Cut World Economy by $23 Trillion in 2050, Insurance Giant Warns

[MTAtech]

Climate Change Could Cut World Economy by $23 Trillion in 2050, Insurance Giant Warns​

WASHINGTON — Rising temperatures are likely to reduce global wealth significantly by 2050, as crop yields fall, disease spreads and rising seas consume coastal cities, a major insurance company warned Thursday, highlighting the consequences if the world fails to quickly slow the use of fossil fuels.

The effects of climate change can be expected to shave 11 percent to 14 percent off global economic output by 2050 compared with growth levels without climate change, according to a report from Swiss Re, one of the world’s largest providers of insurance to other insurance companies. That amounts to as much as $23 trillion in reduced annual global economic output worldwide as a result of climate change.

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This finding puts to rest the counter claim that dealing with climate and the environment hurts the economy. This says that if we don’t deal with the effects of climate, the world will take a $23 trillion hit.

 

[lemmiwinx]

Climate change isn't doing anything. Climate change alarmists are trying to scare climate change phobes into doing stupid things. Don't be unduly alarmed it's just a big game they like to play.

 

[MTAtech]

Climate change isn't doing anything. Climate change alarmists are trying to scare climate change phobes into doing stupid things. Don't be unduly alarmed it's just a big game they like to play.

Yeah, smart people who study this all their lives and the smart people who wrote the report from Swiss Re, one of the world’s largest providers of insurance to other insurance companies, don’t know what they are talking about. We should believe you, who has no expertise at all in the field.

 

[Questerr]

Climate change isn't doing anything. Climate change alarmists are trying to scare climate change phobes into doing stupid things. Don't be unduly alarmed it's just a big game they like to play.

Yep. Climate change alarmists like *checks notes* for-profit, capitalist insurance companies...

 

[lemmiwinx]

Yeah, smart people who study this all their lives and the smart people who wrote the report from Swiss Re, one of the world’s largest providers of insurance to other insurance companies, don’t know what they are talking about. We should believe you, who has no expertise at all in the field.

Been living through peak man made climate change for 68 years now and it hasn't done me any noticeable harm. Least as far as I can tell.

 

[Taylor]

I call BS. Obama assured us that electing him "was the moment when the rise of the oceans began to slow and our planet began to heal."

 

[Questerr]

Been living through peak man made climate change for 68 years now and it hasn't done me any noticeable harm. Least as far as I can tell.

Congratulations on your privilege.

 

[HIP56948]

No matter what we do or argue about, Earth is going to win this war. In time, the parasites know as humans, will lose this one.

 

[dobieg]

I live in northern Pa. Climate change can't come fast enough.



Of course my gain will come at the expense of those millionaires living along the coast. I truly feel for them.

 

[lemmiwinx]

Congratulations on your privilege.

I did have that time when I got burnt at my sister's beach wedding. But I blame that on not having the sense to use sunscreen not any kind of planetary warming.

 

[Questerr]

I did have that time when I got burnt at my sister's beach wedding. But I blame that on not having the sense to use sunscreen not any kind of planetary warming.

As I said, congratulations on your privilege. And thanks for reinforcing the stereotype that Conservatives don’t give a shit about any problem unless it affects them personally.

 

[Questerr]

I live in northern Pa. Climate change can't come fast enough.



Of course my gain will come at the expense of those millionaires living along the coast. I truly feel for them.

When trillions are wiped out of the economy and millions of homeless people surge inland, will you still have a gain?

 

[MTAtech]

Been living through peak man made climate change for 68 years now and it hasn't done me any noticeable harm. Least as far as I can tell.

Then you need to take off your ideological blinders. The effects of climate change is obvious. The Greenland and Antarctic ice sheets have decreased in mass by 279 billion tons of ice per year between 1993 and 2019, while Antarctica lost about 148 billion tons of ice per year. Glaciers are retreating almost everywhere around the world — including in the Alps, Himalayas, Andes, Rockies, Alaska, and Africa. Miami floods due to rising oceans.

To deny that it’s not happening is breathtaking.

This decade broke all kinds of climate records—and not in a good way

The last 10 years have shown that climate change is happening now, shows a new report from NOAA. It's likely to get much worse.

www.nationalgeographic.com

 

[lemmiwinx]

Then you need to take off your ideological blinders. The effects of climate change is obvious. The Greenland and Antarctic ice sheets have decreased in mass by 279 billion tons of ice per year between 1993 and 2019, while Antarctica lost about 148 billion tons of ice per year. Glaciers are retreating almost everywhere around the world — including in the Alps, Himalayas, Andes, Rockies, Alaska, and Africa. Miami floods due to rising oceans.

This decade broke all kinds of climate records—and not in a good way

The last 10 years have shown that climate change is happening now, shows a new report from NOAA. It's likely to get much worse.

www.nationalgeographic.com

Ice sheets used to cover most of North America when wooly mammoths roamed the continent. What's your point? Is there set amount of ice coverage that you've decided there needs to be? Or CO2 gas in the atmosphere for that matter? CO2 levels were much higher when dinosaurs ruled the planet you know. And they didn't have gasoline burning cars or coal power plants.

 

[Taylor]

This is awful! Did they say where we could send them some money to insure ourselves against all of this?

 

[Bullseye]

Yeah, smart people who study this all their lives and the smart people who wrote the report from Swiss Re, one of the world’s largest providers of insurance to other insurance companies, don’t know what they are talking about. We should believe you, who has no expertise at all in the field.

Smart people know that predicting climate disaster pays better than saying “it’s no big deal”.

 

[dobieg]

When trillions are wiped out of the economy and millions of homeless people surge inland, will you still have a gain?

Uh huh. I've heard the same type of sensational claims from Al Gore and I think we've all seen how those have turne out.

 

[Questerr]

Uh huh. I've heard the same type of sensational claims from Al Gore and I think we've all seen how those have turne out.

You mean “accurately”? Have you bothered to look at Arctic and Antarctic ice melt? Desertification? Ocean acidification?

 

[Integrityrespec]

Uh huh. I've heard the same type of sensational claims from Al Gore and I think we've all seen how those have turne out.

Why do we keep seeing the climate extremist in the middle of making money off it.

 

[MTAtech]

Why do we keep seeing the climate extremist in the middle of making money off it.

The U.S. military makes money off of climate change, who knew?

The U.S. military is terrified of climate change. It's done more damage than Iranian missiles.​

https://www.nbcnews.com/think/opini...ied-climate-change-it-s-done-more-ncna1240484

 

[dobieg]

You mean “accurately”? Have you bothered to look at Arctic and Antarctic ice melt? Desertification? Ocean acidification?

I'm pretty sure we still have the Arctic ice caps

Dec. 14, 2009

Mr Gore, speaking at the Copenhagen climate change summit, stated the latest research showed that the Arctic could be completely ice-free in five years.

Al Gore Slips On Artic Ice; Misstates Scientist's Forecast

Like most politicians, practicing and reformed, Al Gore has been known to stretch the truth on occasion. So it's not surprising that he played it a bit fast and loose recently with some climate change data.

www.npr.org

 

[COTO]

What they don't tell you is that USD $23T in 2050 is $174.95 in 2020 dollars.

At least at the rate things are going.

 

[EMNofSeattle]

Climate Change Could Cut World Economy by $23 Trillion in 2050, Insurance Giant Warns​

WASHINGTON — Rising temperatures are likely to reduce global wealth significantly by 2050, as crop yields fall, disease spreads and rising seas consume coastal cities, a major insurance company warned Thursday, highlighting the consequences if the world fails to quickly slow the use of fossil fuels.

The effects of climate change can be expected to shave 11 percent to 14 percent off global economic output by 2050 compared with growth levels without climate change, according to a report from Swiss Re, one of the world’s largest providers of insurance to other insurance companies. That amounts to as much as $23 trillion in reduced annual global economic output worldwide as a result of climate change.

---

This finding puts to rest the counter claim that dealing with climate and the environment hurts the economy. This says that if we don’t deal with the effects of climate, the world will take a $23 trillion hit.

This is a claim so fantastical and depended upon so many assumptions, all of which are guaranteed to be false, that it may be safely disregarded. This is some work staffers political project.

 

[Questerr]

I'm pretty sure we still have the Arctic ice caps

Dec. 14, 2009

Al Gore Slips On Artic Ice; Misstates Scientist's Forecast

Like most politicians, practicing and reformed, Al Gore has been known to stretch the truth on occasion. So it's not surprising that he played it a bit fast and loose recently with some climate change data.

www.npr.org

Gore isn’t a scientist. That article quotes what actual scientists have said. Do your beliefs match up with theirs or do you deny science?

 

[EMNofSeattle]

Yep. Climate change alarmists like *checks notes* for-profit, capitalist insurance companies...

If you are a very large for-profit company, there is a lot of incentive to support the climate change agenda. Because if you’re a big enough company that can survive the regulation, you will make more money in your competition being quashed. Because when we talk about fighting climate change, that is really just codeword for raising taxes and regulation.

It is fear mongering made to impose a certain form of corporate government alliance.