By Henry Epp
At this point, adapting to climate change has unavoidable costs, said Gernot Wagner, a climate economist at Columbia Business School.
“And that leads to ‘climate-flation.’ That leads to price increases,” Wagner said.
But Wagner, like many experts, feels we’re not doing nearly enough to address climate change itself.
“Which by extension means, yes, there is plenty more hurt, plenty more costs built in unless we do much, much more,” Wagner said.
Quoted in: “Climate change effects likely to include long-term inflation” by Henry Epp, Marketplace (14 November 2023).