You will have to pay for climate change one way or another. Either by taxes or thru
Storms negative impact on personal finances and the broader economy. It will lead to increased costs for essential goods and services, decreased income, and potential financial instability.
Higher food prices:
Climate change is projected to disrupt agricultural production, leading to food shortages and higher prices.
Increased energy costs:
Extreme temperatures can affect energy production and increase demand for heating and cooling, driving up utility bills.
Increased insurance costs:
More frequent and severe extreme weather events (floods, wildfires, hurricanes) are leading to higher insurance premiums for homeowners.
Higher housing costs:
Climate-related damage to infrastructure and increased risks of natural disasters can drive up the cost of housing maintenance and insurance.
Decreased Income and Productivity:
Reduced labor productivity:
Extreme heat and other climate-related hazards can impact worker health and safety, reducing productivity and leading to job losses.
Loss of working hours:
Extreme weather events can force businesses to close, leading to lost wages and reduced income for workers.