What has the human and financial cost of climate change been? - Latest From ITV News - ITV News
What has the human and financial cost of climate change been? - Latest From ITV News
ITVX Homepage Live Films Categories News Shows A-Z My List Upgrade to Premium Account icon Search icon open search bar Burger menu open mobile menu Loading spinner What has the human and financial cost of climate change been? Mon 22 May 4pm • New statistics show the extent of damage climate change is already causing. From floods in Italy to wildfires in Canada, we explain the results. Share this video Share on Facebook Share on Twitter Copy link to share Load More
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Research Program, says, “The assumption that current and future climate conditions will resemble the recent past is no longer valid.”