Unusually frequent droughts and hurricanes are manifestations of climate change; and these events, along with associated wildfires and floods, have important economic consequences. This week on EconoFact Chats, Galina Hale discusses the costs of both, these extreme events, and the costs of a transition to a more environmentally friendly economy. Galina Hale is a professor at the University of California, Santa Cruz. She previously was an economist at the Federal Reserve Bank of San Francisco.