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☆ Climate change is already costing us money, but we have a chance to limit the worst of it and prosper. Here's how.
▼ + stars: | 2023-09-21 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +12 min

But to get there, we'll need to spend a lot of money up front and be real about the climate costs we're already paying — even if we don't always notice them. The full costs of extreme weather are often hiddenThe biggest fires, floods, and heat waves tend to draw headlines. But for years, the more subtle effects of extreme weather had gone pretty much unnoticed. This situation could be made worse by a looming financial "mega shock," which could arise as more people wake up to the reality of the climate crisis, Butler said. The Biden administration has already earmarked $52 billion to tackle the climate crisis for 2024.

Persons: —, Amir Jina, It's, Jina, Idalia, Joe Raedle, Creon Butler, Mario Tama, Butler, haven't, ANGELA WEISS, Hurricane Ian, Matias J, Biden, That's, We've, it's, Bulter Organizations: University of Chicago, Getty, Insurance, Miami Herald, Tribune, Service, UN, Intellectual, Organization Locations: Tarpon Springs , Florida, London, New York City, , Florida, Hurricane, Botswana, Denmark, Namibia

[1/3] A general view of the venue for the G20 summit in New Delhi, India, September 9, 2023. According to a draft of the summit declaration reviewed by Reuters, negotiators were unable to resolve disagreements over the wording on the war in Ukraine, leaving it to the leaders to reach a compromise if possible. According to another senior source in one of the G20 countries, the paragraph on the war on Ukraine had been agreed by Western countries and sent to Russia for its views. The official said Russia had the option to accept Western countries' views and give its dissent as part of the statement. The two-day summit is expected to be dominated by the West and its allies.

Persons: Amit Dave, Joe Biden, Biden, Sergei Lavrov, Creon Butler, Xi Jinping, Li Qiang, Russia's Vladimir Putin, Olaf Scholz, Emmanuel Macron, Rishi Sunak, Saudi Arabia's Mohammed Bin Salman, Japan's Fumio, Narendra Modi's, Manoj Kumar, Katya Golubkova, Krishn Kaushik, Raju Gopalakrishnan, Sanjeev Miglani, Jacqueline Wong Organizations: REUTERS, Bharat, Reuters, White, Foreign, West, British, Thomson Locations: New Delhi, India, DELHI, India's, Ukraine, Delhi, Russia, Western, EU, Saudi, China, Moscow

A man walks past an installation on a skywalk ahead of the G20 Summit in New Delhi, India, September 6, 2023. But the deliberations of the world's 20 biggest economies have been hindered by differences over Russia's invasion of Ukraine that have hardened since last year's Bali summit, delegates said. Western countries want a strong condemnation as a condition for agreeing to a Delhi declaration. India has suggested that the G20, while condemning the suffering caused by Russia's invasion, also reflect Moscow and Beijing's view that the forum is not the place for geopolitics. G20 sherpas have been going back and forth over the document for four days before leaders begin deliberations on Saturday.

Persons: Francis Mascarenhas, Joe Biden, Sergei Lavrov, Vladimir Putin, Narendra Modi, Creon Butler, Butler, Krishn Kaushik, Sanjeev Miglani, Andrew Cawthorne Organizations: REUTERS, U.S, Russian, Economy, thinktank, Thomson Locations: New Delhi, India, DELHI, Ukraine, Russia, China, Bali, Delhi, Moscow

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