Climate change reduces our Global Weather catastrophe losses
By Jo Nova
The more CO2 we emit, the less we spend on global weather disasters
Fully half of all human emissions of CO2 ever, have been emitted since 1990. This super-molecule was supposed to cause stronger cyclones, nastier storms, more droughts, floods, sea level surges, blizzards, and fires. We were going to save a fortune by installing solar panels and windmills to reduce CO2 and slow the storms. Instead, we make more CO2 than ever, and 34 years of data suggests that the more we make the less we have to spend on flattened or flooded homes.
Munich Re says the world has experienced $298 billion dollars of catastrophic disaster losses due to weather events in 2024. This sounds terrible in terms of mindless “big numbers” , but Roger Pielke Jnr points out that these losses are shrinking in terms of the size of the global economy.
And they are nothing compared to the size of the dead end “transition” spending. Catastrophic weather losses in 2024 “were about 0.26% of global GDP.” We are rebuilding our entire energy system, supposedly to reduce the damage caused by climate change which that hurts one quarter of one percent of our global economy.
https://joannenova.com.au/2025/01/climate-change-reduces-our-global-weather-catastrophe-losses/?utm_source=rss&utm_medium=rss&utm_campaign=climate-change-reduces-our-global-weather-catastrophe-losses
