by Annie Nova
‘Climateflation’ is already affecting prices
“Climate change leads to droughts, which lead to crop failures, which cause food price spikes,” said Gernot Wagner, a climate economist at Columbia Business School.
Some of the biggest financial risks of climate change come into play with housing, Wagner said.
Quoted in: “Climate change could cost Americans born in 2024 nearly $500,000 in their lifetime” by Annie Nova, CNBC (26 April 2024).