Showing posts with label economy. Show all posts
Showing posts with label economy. Show all posts

Thursday, May 15, 2014

Why are We Not Already on the Road to Recovery?

Since climate change has become such a major issue within the past few years, why does nothing seem to be getting done about it? Why are there no policies, laws, rules or regulations that help us control our carbon output? Besides the finances of building these new energy sources, what exactly is holding us back? Part of this answer is relatively simple, and that's the fact that Democrats and Republicans have a very hard time with agreeing...on anything! In this article here, there is a lot more of the subject of why not much is getting done through the government. Why is cap and trade being denied with no possible modifications to fix it? Why are conspiracy theories still floating around as if there is any evidence? The world may never know.

Source: http://www.nytimes.com/2014/05/12/opinion/krugman-crazy-climate-economics.html?_r=0

When the Economy Starts to Get Effected

Although the economy has always been influenced by climate change, lately it has been having a stronger impact than normal. In particular, it has been starting to influence insurance companies and their policies for natural disasters, that now occur more due to the climate changing. These climate change scenarios could take an extreme toll on businesses and individuals if they are not properly prepared for. In this article, you can read more about the world's oldest and biggest insurance market and what they are recommending for insurance agencies worldwide to do about climate change and it's damages.

Source: Stern, Nicholas, and Julia Kollewe. "Lloyd's Calls on Insurers to Take into Account Climate-change Risk." The Guardian. Guardian News and Media, 08 May 2014. Web. 21 May 2014.