Rising Temperatures, Rising Prices: How Climate Drives Inflation

Climate change means extreme weather, shifting landscapes, and generally more instability. More and more, you can feel the impacts of climate disruption in your wallets. Drought is pushing up the cost of candy and leading to shipping delays in the Panama Canal. Globally, researchers say climate could add one percent to inflation every year until 2035. The costs of car insurance, health insurance and property insurance are rising. And whether it’s tea in the morning or wine in the evening, disrupted climate patterns and extreme weather are making certain foods more expensive. This week, we unpack how climate change drives inflation. Guests: Nicholas Stern, IG Patel Chair of Economics and Government, London School of Economics Jeremy Porter, Head of Climate Implications Research, First Street Foundation Avery Ellfeldt, Reporter, E&E News Lea Borkenhagen, Senior Vice President, EDF+Business Support Climate One by going ad-free! By joining Climate One on Patreon, you’ll receive exclusive access to all future episodes free of ads, opportunities to connect with fellow Climate One listeners, and even periodic engagements with Climate One staff. Join today for just $5/month. For show notes and related links, visit our website. Learn more about your ad choices. Visit megaphone.fm/adchoices