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RE: Economics and The Environment Part 1: The Cost of Climate Change

in #economics6 years ago

I've always wanted to see a graph like this control for the level of infrastructure spending year over year with an additional control for inflation. Basically, is there more for a natural disaster to ruin now vs. in 1970, assuming a natural disaster of the same magnitude? The answer if obviously "yes" but a study like that would actually become a bigger point of discussion assuming the difference was vast while controlling infrastructure growth over the same time period.

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It's something already accounted for in all the economic surveys of natural disaster costs I've encountered, so I believe it's standard.