New research shows that climate change is already fueling heatflation, with worse to come.
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Though that might sound small, it’s actually “massive,” according to Gernot Wagner, a climate economist at Columbia Business School. “That’s half of the Fed’s overall goal for inflation,” he said, referencing the Federal Reserve’s long-term aim ofThe link between heat and rising food prices is intuitive — if wheat starts withering and dying, you can bet flour is going to get more expensive.
The world began paying attention to the dynamic between climate change and higher prices, or “climateflation,” in March 2022, soon after Russia invaded Ukraine, when the German economist Isabel Schnabel coined the term inThe difference between the terms is akin to “global warming” vs. “climate change,” with one focused on hotter temperatures and the other on broader effects.
Fires. Mudslides. Heat waves. What questions do you need answered as you prepare for the effects of the climate emergency?The state's parks department is working with stakeholders, including the military, to rebuild the San Onofre road, but no timeline has been given.The History Of LA’s Visually Stunning Wayfarers Chapel, Now Closed By Landslides
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