Climate Change Is Going to Be Expensive—For Everybody

Climate Change Is Going to Be Expensive—For Everybody

DROUGHT and ROCHESTER FARMER and BRUCE MACAGUE Photo shows Rochester farmer Bruce Macague in his wheat field which failed and was baled for fodder .Photo by Jason South for THE AGE 13th October 2008
DROUGHT and ROCHESTER FARMER and BRUCE MACAGUE
Photo shows Rochester farmer Bruce Macague in his wheat field which failed and was baled for fodder .Photo by Jason South for THE AGE
13th October 2008

A farmer examines his wheat field which failed due to drought in Rochester, Australia. Jason South/Getty Images

Hot weather sucks. Crops droop. Work slows down. People get testy. And it’s bad for business.

So bad, in fact, that higher temperatures from climate change are going to be an economic gut punch for many countries, according to a paper published today in Nature. The poorest countries—most of which are also already pretty warm—will suffer the most. But even rich countries with their cubicles and air conditioning are going to feel the burn.

Climate change will hit every level of an economy. Mentally and physically people work worse when they are hot. Rising seas and fiercer storms chew up infrastructure. And agricultural effects like crop failures reach far beyond borders. But all that stuff is years away, right? Read more.