• artifex@piefed.social
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    8 days ago

    The TL;DR

    • A hotter planet is making life more expensive due to climate change, with temperature changes alone cutting US incomes by 12% on average between 2000 and 2019.
    • Climate change is steadily draining wealth in ways that aren’t as obvious, such as higher corn prices across the country due to a bad harvest in one area, affecting many industries that use corn.
    • Everybody pays a “heat tax” as extreme heat disrupts harvests, affects workers’ health and productivity, and has cost the US economy an estimated $7 trillion in cleanup and higher insurance premiums in the past 12 years.