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