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Climate Induced Financial Costs
A climate induced financial costs is easy to happen can be driven by extreme weather events. The cost of, you know, katrina wiped out an entire city. And when one of them went up the coast of new York at the rol to prove the whole, the whole er new york city. So these are big costs, and you've seen that around the world. Secondly, governments are responding to climate. Those have impacts, relative price impacts. Technology as changed the face of the response. Soler and wind is so cheap these days why would you contemplate doing anything else? All the old ideas of what's going to cost us returns don't apply either. They actually are