The article attempts to link the last couple of years of inflation to climate change, but doesn’t seem to cite any studies quantifying the supposed effect.
A 2023 study published in Nature found $143 billion per year of costs attributable to climate change globally from 2000-2019: https://www.nature.com/articles/s41467-023-41888-1. The bulk of that is loss of human life, especially in third world countries. $150 billion in global damages is unlikely to explain any significant amount of inflation in a $100 trillion world economy.
I now it’s possible that damages have increased exponentially in the last view years, but the article doesn’t cite any evidence of that. Moreover, there were years in 2000-2019, such as 2008, when climate damages were many times higher than they were in say 2015-2019. But we did not experience any significant inflation during those years.
A 2023 study published in Nature found $143 billion per year of costs attributable to climate change globally from 2000-2019: https://www.nature.com/articles/s41467-023-41888-1. The bulk of that is loss of human life, especially in third world countries. $150 billion in global damages is unlikely to explain any significant amount of inflation in a $100 trillion world economy.
I now it’s possible that damages have increased exponentially in the last view years, but the article doesn’t cite any evidence of that. Moreover, there were years in 2000-2019, such as 2008, when climate damages were many times higher than they were in say 2015-2019. But we did not experience any significant inflation during those years.