The US Is Making a $3 Trillion-a-Year Mistake
Natural disasters inflicted $318 billion in damage worldwide last year.
Photographer: Allison Joyce/Getty Images
There’s this outdated comparison many politicians and even some climate-change advocates still use, which is to juxtapose climate action against economic growth, as if the two were opposing sides in a zero-sum game. In fact, like that old meme from The Office, they’re the same picture.
Three new studies this week add to a growing stack of evidence that climate policy is inseparable from economic policy. Keeping a lid on global heating will not only limit the trillions of dollars it extracts from growth but create new opportunities — something policymakers at the COP30 climate talks in Belem, Brazil, this week might want to keep in mind.