China's Plastic Flood, Yellen's Beijing Trip, Chartering a Yacht: Asia Briefing - Bloomberg
China’s Plastic Flood, Yellen's Beijing Trip, Chartering a Yacht: Asia Briefing - Bloomberg
Best Of the Qatar Economic Forum, Powered by Bloomberg The Best Of the Qatar Economic Forum, Powered by Bloomberg - bringing together some of the world's most influential thinkers, policy makers and business leaders to tackle the major issues facing the world - such as China's reopening, US recession risk and the shifting of global growth to the East. This special Bloomberg program highlights the event's biggest interviews and news makers.
Related Knowledge Center: Climate economics
Climate change is now a driver of the world’s economy. The impact is profound:
- Catastrophic weather events — hurricanes, floods, droughts, high temperatures — are more frequent and more extreme. The cost can be measured in both the initial damage caused and the longer-term impact on the economy.
- Vulnerable communities are increasing climate-related investments, hardening infrastructure and taking other protective measures.
- Investment in carbon capture and storage technologies is increasingly rapidly.
- Governments are making investments and crafting regulations to reduce emissions of carbon dioxide and other greenhouse gases.
On top of all of this is the cost of uncertainty. As the Fourth National Climate Assessment, released in 2018 by the U.S. Global Change Research Program, says, “The assumption that current and future climate conditions will resemble the recent past is no longer valid.”