Four Ways To Bet On Climate Change's $291B Economic Destruction
On Nov. 23, 13 federal agencies issued “Fourth National Climate Assessment (NCA),” a scientific report that predicted climate change will slash 10% from the U.S. economy’s gross domestic product by the end of the century. We will need to take action -- and four industries could be at the forefront -- creating opportunities for investors.
What is Climate Change?
To get started, let’s define climate change. In a nutshell, it’s the rise in the earth’s temperature caused by people whose actions increase the proportion of carbon dioxide in the atmosphere.
As Worcester Polytechnic Institute chemical engineering professor Jennifer Wilcox explained, “Climate change is the changing of our climate due to increased anthropogenic (human-induced) CO2 emissions. The terrestrial biosphere and oceans remove approximately 50% of emissions associated with human-induced land changes (e.g., deforestation) and global society’s burning of fossil fuels (coal, oil and natural gas), but the remaining CO2 emissions accumulate in the atmosphere each year — leading to increased warming of the planet because CO2 is a greenhouse gas.”