Report: CLIMATE INFLATION - How Extreme Weather is Driving Up the Price of Food
There’s no longer any doubt climate change has arrived and is already straining global markets. Those paying attention know that decades of dire warnings from the scientific community and beyond about the catastrophic consequences of a warming planet are happening in real time. Beyond the incalculable loss to human life, a decade (2014-2024) of unprecedented heat, droughts, and extreme weather, have cost homeowners, shareholders, corporations, and taxpayers hundreds of billions of dollars that could become tens of trillions in the coming decades. Action to limit the consequences of climate change is still possible, but only if we act immediately and with a commitment to change the way we do business, source energy, and purchase products.
Since 2020, we’ve been spotting stories and studies that showed climate change driving up the costs of food, insurance, and other basic goods. Our team called the concerning new phenomena “climate inflation.”
