Tuesday, August 07, 2012

Damping down

Any story dealing with the near future will have to take account of climate change. There are some obvious elements to this (it might always be raining) but this paper clues me into more unforeseen effects such as the economic impact. Effects on agriculture are obvious but it might mean mass migrations and a suppressed GDP because firms have to set aside funds to pay for insurance or hedge against future calamities.

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