{"id":14351,"date":"2021-09-13T01:00:00","date_gmt":"2021-09-13T00:00:00","guid":{"rendered":"https:\/\/www.economicsobservatory.com\/?post_type=question&p=14351"},"modified":"2022-07-18T10:10:23","modified_gmt":"2022-07-18T09:10:23","slug":"what-are-the-economic-effects-of-extreme-weather-caused-by-climate-change","status":"publish","type":"question","link":"https:\/\/www.economicsobservatory.com\/test\/what-are-the-economic-effects-of-extreme-weather-caused-by-climate-change","title":{"rendered":"What are the economic effects of extreme weather caused by climate change?"},"content":{"rendered":"\n

Climate change is heating up the world. This year, the cherry trees in the main temple in Kyoto blossomed on 26 March<\/a>. This is the earliest they have done so since the custodians of the temple started recording that date<\/a>, more than 1,200 years ago. Sea levels are also rising and will continue to rise in the years to come.<\/p>\n\n\n\n

These two phenomena \u2013 warming average temperatures and rising sea levels \u2013 are widely reported, but they are not the most important for assessing the economic costs of climate change. This is especially true for the costs that, collectively, we are already experiencing.<\/p>\n\n\n\n

Figure 1: Full-flowering\u00a0day\u00a0of\u00a0the\u00a0cherry\u00a0blossom\u00a0in\u00a0Kyoto,\u00a0Japan<\/h4>\n\n\n
\n
<\/div>\n\n