Economics Climate Change Economics Questions
The economic costs of extreme weather events caused by climate change can be significant. These costs include direct damages to infrastructure, property, and crops, as well as indirect costs such as increased healthcare expenses, loss of productivity, and disruptions to supply chains. Additionally, there are long-term economic costs associated with the need for adaptation and mitigation measures, such as investing in resilient infrastructure and transitioning to cleaner energy sources. Overall, the economic costs of extreme weather events caused by climate change can have a substantial impact on both local and global economies.