The quarterly emissions data reinforces how much of a joke our 2030 emissions target is
on national security) climate change also affects our current largest economic crisis of cost of living., gave a speech on climate change and Australia’s economy.And when you talk risk, you are talking insurance.
Bullock noted that “insurance contracts are typically renewed annually, so insurers can adapt their business more quickly to climate risks”. And how do they adapt? Well, as she noted, “they can pass on increased costs to their customers in the form of higher premiums”. We already know that climate change and its risks are driving insurance premiums higher. Indeed, in the past year the cost of insurance has soared well beyond overall inflation:The impact of climate change is already here and being felt not just in increased temperatures. Insurance companies are not all that concerned with being warm and fuzzy environmentalists, but they sure as heck understand risk.
The lack of action reducing our emissions and thus fatally reducing our inability to pressure other wealthy nations to take real action is not just destroying the planet but costing households. And for that reason, if nothing else, we should care as much about our emissions as we do other economic data.
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