CelloMomOnCars, to random
@CelloMomOnCars@mastodon.social avatar

How global warming is hitting our pocketbooks

https://www.cbc.ca/news/business/climate-change-inflation-1.7155668

This is a good overview.
But it covers climate change only as the proximate cause: the effects of climate change are the last straw of a system burdened with abuse, neglect, and outright pillage. The article doesn't speak much of how the system got so brittle.

#ClimateInflation

CelloMomOnCars, to food
@CelloMomOnCars@mastodon.social avatar

, 2023 edition

"The lost more than 90% of this year’s crop after a February heat wave followed by two late-spring frosts.

and agricultural groups said they can’t remember a more devastated crop.

Peach prices climb"


https://www.cnn.com/2023/07/15/business/georgia-peach-shortage/index.html

CelloMomOnCars,
@CelloMomOnCars@mastodon.social avatar

" #India last week suspended exports of non-basmati varieties of #rice after heavy #monsoon rainfall damaged newly planted crops due to be harvested in winter. With rice retail prices up 3 per cent in the past month and 11.5 per cent over the past year, the government hopes to quell food #inflation by reserving more grain for the domestic market."

#ClimateInflation
https://www.business-standard.com/economy/news/despite-best-efforts-india-s-food-security-being-choked-by-climate-change-123072500089_1.html

CelloMomOnCars,
@CelloMomOnCars@mastodon.social avatar

"The greatest challenge posed by #ExtremeWeather right now, agronomists say, is to specialty crops: the #peaches in Georgia and #olives in Spain, for instance, but also #berries in the Pacific Northwest and #cherries in western Michigan, and almonds in California"

#ClimateInflation
https://www.wired.com/story/this-scorching-summer-is-taking-a-toll-on-your-favorite-foods/

CelloMomOnCars,
@CelloMomOnCars@mastodon.social avatar

#ClimateChange comes for your orange juice.

#Florida: hurricanes, unseasonable frost, insect infestation;
#Brazil, #California, #Texas: #ExtremeHeat;
#Spain, #Portugal, #Italy, #France: yellow dragon disease.

"Futures prices for frozen concentrated #OrangeJuice have roughly doubled in the last year to more than $3 a pound and could rise further, prompting warnings that prices are set to surge further on the shelves."

#ClimateInflation
https://www.theguardian.com/environment/2023/aug/11/ravaged-orange-crop-in-florida-raises-fears-of-surge-in-us-juice-prices-aoe

CelloMomOnCars,
@CelloMomOnCars@mastodon.social avatar

"#Rice prices surged to their highest in almost 12 years" for several reasons.
"Among them: extreme climate from #GlobalWarming, along with the onset of #ElNiño for the first time in seven years, Russia’s withdrawal from the Black Sea grain initiative and protectionist food policies in the form of #TradeRestrictions."

#ClimateInflation
https://www.cnbc.com/2023/08/22/asia-food-inflation-fears-rise-as-rice-prices-surge.html

CelloMomOnCars,
@CelloMomOnCars@mastodon.social avatar

"#ExtremeWeather is increasing the cost of #CropInsurance and making it harder for farmers to secure coverage."

Farmers pass on that cost, increasing the price of food.
#ClimateInflation
https://www.agriculture.com/drowning-in-drought-7974186

CelloMomOnCars,
@CelloMomOnCars@mastodon.social avatar

"#Drought and #ExtremeHeat waves have halved Spanish #OliveOil production. The price at origin has increased by 112 per cent since last year, but farmers like Jesús Anchuelo of the Small Farmers Union say they're losing money. "

#ClimateInflation
https://www.euronews.com/2023/10/03/spain-hit-hard-by-rising-price-of-olive-oil-as-climate-change-takes-its-toll-on-production

CelloMomOnCars,
@CelloMomOnCars@mastodon.social avatar

"#Climate breakdown is already changing the taste and quality of #beer, scientists have warned.

The quantity and quality of #hops, a key ingredient in most beers, is being affected by global heating, according to a study. As a result, beer may become more expensive and manufacturers will have to adapt their brewing methods."

#ClimateInflation
https://www.theguardian.com/world/2023/oct/10/climate-crisis-will-make-europes-beer-cost-more-and-taste-worse-say-scientists

CelloMomOnCars,
@CelloMomOnCars@mastodon.social avatar

"Over the last 30 years, an estimated $3.8 trillion worth of #crops and #livestock production has been lost due to #disaster events, corresponding to an average loss of $123 billion per year or 5 percent of annual global agricultural gross domestic product (GDP), according to a new report released today by the Food and Agriculture Organization of the United Nations (#FAO)."

In case you're wondering why food is getting so expensive.
#ClimateInflation

https://www.fao.org/newsroom/detail/first-ever-global-estimation-of-the-impact-of-disasters-on-agriculture/en

CelloMomOnCars,
@CelloMomOnCars@mastodon.social avatar

"Apple season is winding down in New York’s Finger Lakes Region. And would-be pickers may have found less fruit than usual this year.

A warm spell in the early spring lured fruit trees out of their winter dormancy.

Then, on May 18, temperatures plunged into the mid-20s, killing blossoms and baby fruit."

#ClimateInflation
https://yaleclimateconnections.org/2023/11/wild-spring-weather-swings-hurt-new-yorks-fall-apple-harvest/

CelloMomOnCars,
@CelloMomOnCars@mastodon.social avatar

"The Energy and Climate Intelligence Unit (ECIU) thinktank said that global heating was directly contributing to the #CostOfLiving crisis.

Combined with the impact of Russia’s invasion of Ukraine [driving] up gas, energy and fertiliser prices, it said British households had been hit by £605 in additional food costs in 2022 and 2023. While energy prices have fallen back this year, it warned that the impact from the #climate emergency was increasing."

#ClimateInflation
https://www.theguardian.com/business/2023/nov/27/climate-crisis-energy-costs-fuel-uk-household-food-bill-rise

CelloMomOnCars,
@CelloMomOnCars@mastodon.social avatar

"In 2023— the hottest year in recorded history— the escalating threat posed by #climate impacts on #food security compounded the global cost-of-living crisis, intensifying challenges already faced by vulnerable countries, low-income consumers and jeopardizing global nutrition levels."

#ClimateInflation #CostOfLiving
https://www.forbes.com/sites/daphneewingchow/2023/12/31/here-are-the-foods-hit-hardest-by-climate-change-in-2023/

CelloMomOnCars,
@CelloMomOnCars@mastodon.social avatar

"For the 2022 to 2023 harvest, overall European Union #OliveOil production declined by 26 per cent compared to the previous year. This year, it is expected to drop by 39 per cent, the lowest level since the mid-1990s.

Limited supplies have driven prices skywards, with a 115 % increase in #Spain and a 50 % hike in #Greece between 2022 and 2023. Olive oil thefts have increased, with supermarkets resorting to padlocking olive oil bottles to shelves."

https://www.theparliamentmagazine.eu/news/article/olive-oil-climate-change-crisis

#ClimateInflation

CelloMomOnCars,
@CelloMomOnCars@mastodon.social avatar

"Industry experts say the price of #bananas globally is very likely to rise due to the impact of #ClimateChange — but some believe paying more for bananas now could mitigate those risks. "

https://www.cbsnews.com/news/bananas-cost-price-climate-change-experts-say-too-cheap-now/

#ClimateInflation

CelloMomOnCars,
@CelloMomOnCars@mastodon.social avatar

Higher temperatures mean higher food and other prices. A new study links climate shocks to #inflation

“There are these productivity shocks that we know about from climate change, from the weather phenomena caused by climate change, from heat waves and so forth to reduce agricultural productivity,” Kotz said. “Those also then have a knock-on effect on food inflation, on headline inflation.”

#ClimateInflation
https://www.latimes.com/business/story/2024-03-22/higher-temperatures-mean-higher-food-and-other-prices-a-new-study-links-climate-shocks-to-inflation

CelloMomOnCars,
@CelloMomOnCars@mastodon.social avatar

Beyond : hunger.

In Zimbabwe, "people grow the cereal grain sorghum and pearl millet, crops that are drought resistant and offer a chance at harvests, but even they failed to withstand the conditions this year.

With this year’s harvest a write-off, millions in , southern , and won’t be able to feed themselves well into 2025."


https://www.9news.com.au/world/extreme-drought-in-southern-africa-leaves-millions-hungry/38d2f918-8f2c-42b1-85de-e1f32c6ae0fe

CelloMomOnCars,
@CelloMomOnCars@mastodon.social avatar

"#UK #harvests of important crops could be down by nearly a fifth this year due to the unprecedented wet weather farmers have faced, increasing the likelihood that the prices of bread, beer and biscuits will rise.

Some farms were badly affected by persistent rain since October, meaning they have not been able to plant any crops, while the wet weather has significantly depleted the amount other farms have been able to plant."

https://www.theguardian.com/environment/2024/apr/29/washout-winter-spells-price-rises-for-uk-shoppers-with-key-crops-down-by-a-fifth
#ClimateInflation

CelloMomOnCars,
@CelloMomOnCars@mastodon.social avatar

Drought is driving #OliveOil prices to staggering new heights

"#Spain, which is the world’s largest olive supplier and home to 40% of the global crop, has been dealing with droughts that have cut output by anywhere from 30% to 50% of its usual 1.3 million metric-ton harvests.
In February Spanish farmers were calling on the government to do more to fight #ClimateChange amid persistent #heatwaves that have decimated their trades."

https://qz.com/olive-oil-prices-climate-change-1851458811
#ClimateInflation

CelloMomOnCars,
@CelloMomOnCars@mastodon.social avatar

"#Bananas are at risk of a “devastating” disease as extreme heat and volatile rain cycles put the plants under stress, Colombian farmers have warned.

Small-scale producers in the northern Magdalena region who supply bananas to the UK say the impacts of #ClimateChange have increased their costs and hit yields by as much as 50%."

https://www.independent.co.uk/climate-change/news/life-banana-pip-columbia-el-nino-b2543239.html
#ClimateInflation

CelloMomOnCars,
@CelloMomOnCars@mastodon.social avatar

"Global warming is leading to smaller yields and poorer quality in #rice crops, according to new research that suggests rice harvests could decrease by up to 35% and quality by up to 85% compared to plants in 1990s climate conditions.

The research suggests that additional high CO2 concentration further worsened production compared to the high temperature alone."

(So much for that claim that CO2 is "plant food" eh).

https://www.yahoo.com/news/study-rice-harvests-quality-worsening-195323415.html
#ClimateInflation

CelloMomOnCars,
@CelloMomOnCars@mastodon.social avatar

"Global warming is bringing on a succession of negative effects on a range of marine creatures across #Japan, such as the relocated habitats of fish and fluctuations in #seafood catches.

Concerns are growing that the summer #heatwave expected this year as well may further exacerbate the situation.
The total seafood catch in Japan has been on a continuous decline."

https://www.asahi.com/ajw/articles/15244124
#ClimateInflation

CelloMomOnCars,
@CelloMomOnCars@mastodon.social avatar

"’s harvest of three main grains, soft , , and , dropped 43% to 3.12 million tons in 2024, due to a severe that slashes cultivated areas."

https://northafricapost.com/77635-drought-ditches-moroccos-cereals-harvest-by-43-in-2024.html

CelloMomOnCars, to climate
@CelloMomOnCars@mastodon.social avatar

The #ClimateCrisis will make the 2008 mortgage crisis look like a walk in the park. With ice cream.

" Rising seas, bigger #floods, and other increasing #climate hazards have created a dangerous instability in the U.S. financial system. "

That, on top of developers building in flood plains and wildfire-prone places, and the US government providing the #insurance.

#ClimateChangeIsTheLastStraw
https://yaleclimateconnections.org/2023/04/bubble-trouble-climate-change-is-creating-a-huge-and-growing-u-s-real-estate-bubble/

CelloMomOnCars,
@CelloMomOnCars@mastodon.social avatar

has barely started being reflected in insurance claims and the price of .

"The prediction suggests that a sharp rise in home and property prices, which has already created an crisis for households and businesses in at-risk areas, has yet further to go."

This will contribute to

https://www.ft.com/content/44cc0731-e863-468a-a6b7-f55e4d28e90d

CelloMomOnCars,
@CelloMomOnCars@mastodon.social avatar

Jerome Powell just revealed a hidden reason why #inflation is staying high: The economy is increasingly uninsurable.

Driving the increases in insurance are factors such as #ClimateChange and rising prices for car parts, experts say."

#ClimateInflation
https://finance.yahoo.com/news/jerome-powell-just-revealed-hidden-210653681.html

CelloMomOnCars, to climate
@CelloMomOnCars@mastodon.social avatar

"Much of the reluctance to do what requires comes from the assumption that it means trading abundance for , and trading all our stuff and conveniences for less stuff, less convenience. But what if it meant giving up things we’re well rid of, from deadly to nagging feelings of doom and complicity in destruction?

What if the austerity is how we live now — and the could be what is to come?"


https://www.washingtonpost.com/opinions/2023/03/15/rebecca-solnit-climate-change-wealth-abundance/

CelloMomOnCars,
@CelloMomOnCars@mastodon.social avatar

We live in a fossil fueled austerity today, dealing with#LossAndDamage and #ClimateInflation, But already, at the beginning of the #CleanEnergy transition:

"New data that shows wind and solar cut $US520 billion ($A810 billion) from the electricity sector fuel bill in 2022 alone."

Clean energy kept the lights and the AC on in the searing Texas heatwave.
Clean energy took the most painful sting out of high fossil gas cost in Europe.

Time to ditch #FossilFuels.

https://reneweconomy.com.au/turning-point-wind-and-solar-deliver-810-bn-in-savings-from-fossil-fuels-in-single-year/

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