With evidence mounting on the failure to limit global warming to 1.5C, do you think global carbon emissions will be low enough by 2050 to at least avoid the most catastrophic climate change doomsday scenarios forecast by the turn of the century?
I am somewhat hopeful most developed countries will get there but I wonder if developing countries will have the ability and inclination to buy into it as well.
Skyrocketing insurance is already on the way. Places that don’t outright lose access to insurers will continue to see massive increases over the next decade. US Insurers will all be following suit soon. Property insurance got killed last year and is already getting hit hard this year.
https://www.insurancejournal.com/news/national/2023/07/20/731434.htm
It’s a very bad time to be an insurance company, especially with dead weight like Florida, and parts of Texas (hurricanes + mold/water damage from losing power for a week, lol) that are constantly getting destroyed and rebuilt on the exact same floodplains.
And California. There’s a few reasons why a company as big as State Farm (the largest home insurer in the state) stopped writing new home policies there, largely the natural disaster risk.
https://calmatters.org/housing/2023/05/state-farm-california-insurance/