A new study in Nature has estimated dramatically higher cost of damages from #ClimateChange which could be as much as $38 trillion but 2049. That's more than double the annual GDP of the EU.
And here's the kicker:
"The new research is likely an underestimate of the economic hit from climate change since it does not include the impacts of sea level rise, stronger hurricanes, heat waves and human health effects, along with other costly influences."
My father-in-law is a financial analyst and stubborn climate denier; I haven't talked to him about the insurance industry falling apart but think it is the only route to convincing him to change his mind on it.
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