Climate-Driven Inflation

In this thought-provoking episode of the Climate Emergency Forum, host Herb Simmens delves into the critical yet often overlooked topic of “Climate-Driven Inflation.” Joined by climate system scientist Paul Beckwith and IPCC climate expert Dr. Peter Carter, the panel explores the complex relationship between climate change and rising costs across various sectors of the global economy.

This video was recorded on January 15th, 2025, and published on January 23rd, 2025, and represents the opinions of the discussion participants.

The discussion highlights how extreme weather events, such as hurricanes and wildfires, are not only causing immediate destruction but also driving up demand for rebuilding materials and services, leading to inflationary pressures. The experts examine the cascading effects on insurance, housing, and food security, with particular emphasis on how climate change is exacerbating economic disparities worldwide. They present alarming statistics on food affordability in Africa and India, and discuss recent research projecting significant upward inflationary pressures due to global warming.

As the conversation unfolds, the panel touches on the interconnectedness of climate change impacts, from crop failures to labor shortages, and the need for holistic solutions. They also address the role of wealth concentration in exacerbating both climate change and inflation, calling for a broader understanding of these issues among the general public. This episode serves as a crucial wake-up call, urging viewers to consider the far-reaching economic consequences of our changing climate and the urgent need for comprehensive action.

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