‘Hot Money’ Is Issuing Dire Warning On Climate Change, Financial System | NBC News NOW

Scientists are raising the alarm about the worsening impact of climate change, and a new documentary, “Hot Money,” is issuing a dire warning on the ripple effect that climate change could have on the financial system.
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‘Hot Money’ Is Issuing Dire Warning On Climate Change, Financial System | NBC News NOW

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12 thoughts on “‘Hot Money’ Is Issuing Dire Warning On Climate Change, Financial System | NBC News NOW

  1. Anyone who understands what climate change is doing knows that it will significantly disrupt every portion of our civilization. That fact alone will have a considerable impact on the worldwide economy. Market value is based on the future prospects of a company and industry as a whole. Every company has to pay more to attempt to manage the ever more unpredictable weather extremes in our society today. That effect will continue to grow year after year. It has reached a point that we can not stop it. We will only be able to lessen the extremes. We can not prevent the damage, but we can mitigate it.

  2. The phrase "climate change" should be changed to "climate fluctuation." Two facts that have been proven. First is that the climate of the world has fluctuated by several degrees F. dozens of times in the last thousand years and second, sea levels have risen and fallen by a few inches a few dozen times in the last thousand years. I have in the last 50 years seen sea levels rise and fall and rise and fall and rise again based on my observations in my coastal community. At the moment the sea level is about 3/4 of an inch above where it was in 1970 when I first observed the sea level near my home. At that rate it will take about 32,000 years before sea level gets to my back yard and I live a fifteen minute hike to the harbor. Our focus should be two fold. First we need to change how we plan construction to compensate for fluctuations in sea level which we apparently don't do a good enough job at and two, we need to stop polluting. We have more than a sufficient number of reasons not to pollute our environment that we don't have to use shaky data as justification.

    When you try to use science to predict the future and it involves measurements, make sure you are measuring accurately. Most people, this includes most scientists, rely on published work rather than their own research to come up with theories and conclusions. Much of published work is poorly researched. We don't even have accurate data for anything prior to the 1960's regarding sea levels. Most people don't actually know how to measure sea level correctly and often get false results. In many areas people don't even bother to find out if the instruments they use for measuring are stable in terms of elevation. For example there is a coastal city near me in Florida that has been claiming that the sea levels where they were measuring have risen six inches in 20 years. It is physically impossible for sea levels to rise in one part of the world but not in other parts of the world. So why do I get 3/4 of an inch over 50 years and they got 6 inches in 20 years? Because they are using a concrete pile as their point of reference and that pile sits at the edge of a channel that has eroded dropping the pile six inches in 20 years. Anyone who has built a sand castle at the beach will observe how heavy objects will sink into wet sand or mud. Another case is where a large storm drain system was constructed at a harbor where they were taking measurements. they included storm run off in their calculations which increased water level by over an inch in a 50 foot radius where the drain was. There was a sudden jump in water level right after they installed it. But the "scientists" didn't factor that in. In some cases satellites have been employed to take measurements with laser beams. but they neglected to factor in that satellites have an orbit that slowly degrades over time. As the satellite reduces in altitude it will seem to it's sensors that the sea levels have risen. That particular satellite also detected a rise in the elevations of most of the world's land masses by the same amount. So they corrected their data based on the degradation of orbit and then published updated results that showed a much tinier rise in sea levels than previously reported by climatologists disingenuously held on to the old data and used that to "prove" their cause.

    Pollution is directly killing sea life. coral reefs are dying at an alarming rate. It is not due to a one or two degree increase in water temperature. Where I live we have coral reefs and the water temperature fluctuates annually by more than ten degrees and always has. Coral can live in warmer water with little problem. Proof of that are the coral fossils I routinely dig up out of my back yard at an elevation of 40 feet. Thousands of years ago the water in my area was almost ten degrees warmer on average than it is now and yet we had coral thriving here at that time. It's not the temperature. It isn't how deep the water is. It is all the crap we dump into our oceans and all the crap we dump into our atmosphere. We need to have a world wide ban on all fossil fuels by 2030 if we don't want to become extinct.

  3. I'm thinking about the new weather phenomena, the horizontal hurricane, that decimated Iowa.
    65% of their trees were blown down. They're saying Texas is going to be the biggest financial
    disaster in America, the hydro and burst water pipes, when east coast hurricanes have brought
    devastation and the occurring Kentucky floods are looking at a worse rainfall tomorrow.
    With the pandemic and the shutdowns America is falling and failing like a flash mob on meth.

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