<
https://theconversation.com/climate-change-has-already-made-australians-in-one-state-much-poorer-and-mores-to-come-284547>
"The world’s hottest years over the past decade have coincided with stagnant
economic productivity, rising prices and geopolitical instability.
Is this just coincidence or has the current level of climate change been one of
the drivers? Climate change is often framed as a problem for the future. But
how much economic damage has today’s current level of ~1.35°C of warming
already caused?
To answer that question, we analysed the effects of climate change to date on
the New South Wales economy. The results were released today as part of a Net
Zero Commission report.
We estimate climate change has already caused median losses of around 18%
(probability range 4–33%) to the NSW economy, the biggest economic jurisdiction
in the country. At a median 18% loss, that translates to about A$21,300 per
person on average in yearly income.
We show that it’s not local bushfires or flooding that are driving the majority
of damage, but changing global weather that in turn affects our cost of
living."
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
