“At 3C of global heating, climate damage cannot be insured against, covered by governments, or adapted to. That means no more mortgages or new real estate devt, no long-term investment, no financial stability. The financial sector as we know it ceases to function and capitalism ceases to be viable.”
Comments
Our economic elite plan for the future in the same way a drug addict does. Just up to the next hit.
A conspiracy would be more reassuring than just insane avarice.
Also I suspect Trump’s angling for Canada and Greenland has something to do with this, even though his party that is literally sending the FBI after climate change researchers.
/s
The industry is profoundly tied to data and the data we have does not provide a signal for what to do where we are doing.
Reinsurance and other chicanery will only help for so long. I think the best choice will be nationalization now. Perhaps single payor insurance for everything....
If that system collapses... lets just say that the reality of now will look very different than the reality of then.
Insurance companies that tolerate "alternative facts" go bust.
"Capitalism in track to destroy climate"