Rising Temperatures, Rising Prices: How Climate Drives Inflation
Climate change means extreme weather, shifting landscapes, and generally more instability. More and more, you can feel the impacts of climate disruption in your wallets. Drought is pushing up the cost of candy and leading to shipping delays in the Panama Canal.\xa0\nGlobally, researchers say climate could add one percent to inflation every year until 2035. The costs of car insurance, health insurance and property insurance are rising. And whether it\u2019s tea in the morning or wine in the evening, disrupted climate patterns and extreme weather are making certain foods more expensive.\xa0\nThis week, we unpack how climate change drives inflation. \nGuests:\nNicholas Stern, IG Patel Chair of Economics and Government, London School of Economics\nJeremy Porter, Head of Climate Implications Research, First Street Foundation\nAvery Ellfeldt, Reporter, E&E News\nLea Borkenhagen, Senior Vice President, EDF+Business\n\ufeffSupport Climate One by going ad-free! By joining Climate One on Patreon, you\u2019ll receive exclusive access to all future episodes free of ads, opportunities to connect with fellow Climate One listeners, and even periodic engagements with Climate One staff. Join today for just $5/month.\nFor show notes and related links, visit our website.\nLearn more about your ad choices. Visit megaphone.fm/adchoices