Design: Jean-Dominique Lavoix-Carli A Bright and Burning Future Over the last years, each summer, tsunamis of fire surge in North America, Russia, Africa, South Asia, and Europe. Each year, they break former records and spread wider, while becoming much more intense. These fires define the parts of the world that are going to become a […]
Design: Jean-Dominique Lavoix-Carli Facing Apocalypse The Apocalypse literally means “the Book of Revelation”. From a theological as well as heuristic point of view, it means that the Apocalypse is the moment in history when entire societies are forced to lift the veils of illusions. Doing so, the revelation of the real state of things emerges, […]
(Credit Image: Pierre Markuse, CC BY 2.0) The global wildfire is engulfing the world. Throughout 2019, immense swaths of Australia, California, Alaska, Russia, central Africa, and the Amazon basin, were part of this immense bonfire. This conflagration took place after the historic fire seasons of 2018, 2017, 2016… (David Wallace Wells, The Uninhabitable Earth, Life […]
This is an update of the 17 September 2018 release of this article analysing the economic costs of climate change on the U.S. economy in 2018. This update integrates the consequences, and especially the costs, of the super hurricane “Michael”, which hammered the Florida panhandle, then Georgia, North Carolina and Virginia, between the 10 and the 14 of October 2018 (Camilla Domonoske, “Michael Will Costs Insurers Billions, but Won’t Overwhelm the Industry, Analysts Say”, NPR, October 14, 2018).
“Michael” took over from “Florence”, the monster storm that hit and battered the U.S. East Coast on 12 September 2018. It looks like a new climate-related disaster “peak”. It could announce a transition towards possibly worse, considering the last 12 months of climate hellish conditions.
Thus, a major question arises: is climate change becoming a major risk for the U.S. economy? If yes, how should economic actors react (Jean-Michel Valantin, “Climate Change: The Long Planetary Bombing”, The Red (Team) Analysis Society, September 18, 2017)?