the head remains an indelible ladies stains in the history of the european colonial empires. the summertime, he way seemed to be getting more and more commonplace these days seems like every year worth the getting a new record breaking high, a sweltering heat. and now while a little heat doesn't seem like it's that bad, there's actually a high cost on society. he weighs cause increased. wildfire sprouts and even effect moves and productivity. a citizen, i'm christiane. you're watching the cost of everything more today, or i'm going to be talking about what the summer heat ways mean for you. the and initial calculation shows that the reason he waves across the u. s. southern europe and china may have cost point 6 percent of gdp in 2023 as one day of extreme heat. about $32.00

degrees is equivalent to a half day of strike. additionally, heat affected employees reduce are working hours and experienced work, slowdowns and errors. this as a well documented phenomenon and are more pronounced in poor countries, which often have higher exposure and border ability given their lack of access to air conditioning. more than 61000 people have died in europe because of its records chattering heat wave last summer of 2022. and across the continent. wildfire sprang up in portugal, spain, and france. and despite having the lowest carbon emissions, the global south bear is almost the entirety of the economic branch of extreme heat . they are hit harder by heat ways and because they're more economically vulnerable and lack the infrastructure to adapt to extreme climates in july was the hottest most ever recorded globally further raising concerns about a future where children,

especially those in the global south, will be more expected to face more and more frequent and severe, heat waves, babies, toddlers and malnourished children and pregnant women, are the most vulnerable to shoot strokes and other serious effects. extreme. he can have a wide range of effects on people and economics. he ways kill crops and cause illnesses like heat strokes, but they also have other effects such as increased interpersonal aggression increase rates, a workplace injury and reduced mental performance. a 6 year study of inmates across $36.00 correctional facilities without air conditioning and the mississippi found that on days of $27.00 degrees, probably a violent incidents rose dramatically by 20 percent. the study found that the world wealthiest region, such as europe and north america experienced an average of 1.5 percent loss of g d,

p per capita per year due to extreme heat. now by comparison, low income regions such as india and indonesia lost 6.7 percent g d p per capita last yearly. and children cannot quickly adapted temperature changes. and this can cause rapid heart beats cramped, severe headaches, confusion, oregon failure, dehydration and for mental development. asia experienced unprecedented heat waves this year with temperatures climbing as high as 45 degrees in the in mark 44.5 degrees in india. and 42 degrees in china with pilot allows breaking all time record highs as well. while extreme heat is dangerous, extreme, cold causes more fatalities. for every death link to heat 9 are connected to the cold. and interestingly enough, during the 2000 to 2019 period,

while he related deaths rose deaths from cold exposures, actually felt they actually decrease by larger amounts compared to heat related fatalities. and overall research as estimate that approximately 650000 fewer people worldwide died from temperature exposures during that time. then of the 19 eighties and 19 ninety's. so to explain more about how he affects people and the economy, we're enjoyed by david tail, co founder of pro chain capital. so now, as he was become more frequent and intense in recent years, could you provide an overview of the economic told that he was imposed on countries including both direct and indirect costs? well, certainly heat waves. first and foremost have led to debts, which is, you know, the worst level of tragedy that we can have. certainly beyond that, there are in massive economic tolls that we have. i mean,

in addition to the loss of human life, we've had lots of vegetation, forrest animal life, so on. but then you know that there is the concern about, you know, the, the use of certainly, uh, cooling methods, air conditioning, and that obviously releases uh, or is largely powered by carbon emitting fuels. and so therefore that leads to e s g issues. and again, a vicious cycle, somewhat of climate change. uh, you know, we've gone ahead and raise the temperature of seas um all over the world. we're losing core. ready re for losing species of, of um, you know, different types of aquatic life. and then there is the, you know, the issues of, uh, with, with such heat waves. uh,

a lot of i could not normal economic activity becomes either more costly or, you know, more difficult to perform. um and so you know, the, the, the, the cost of, of travel becomes more, uh, more costly because, um the, you know, the, the amount that's your, your fuel efficiency goals goes down when you know the, the, the, your, your automobile needs to work harder. this more friction between your tires and the road when the road is that much hotter and you know, a tourism drops because people don't want to come to a particular areas because the heat is so high. and then in terms of areas that are used to being much cooler, there is any increase of the need for air conditioning for cooling

methods, that there never was before, particularly across europe. we've seen that in mass where areas that have never, ever before, needed air conditioning or not having to go ahead and, you know, install air conditioning. so i think the, the ramifications are vast. and now which regions and countries are currently experiencing the most severe heat with impacts? what factors are contributing to their vulnerability to extreme heat events? i really don't think that we could talk about severity. i mean, the easiest way to talk about severity, excuse me, is certainly, you know, who's experiencing the highest temperatures. right? um, you know, if you're, if you're experiencing a triple digit summer, uh, you know, without any end in sight, like in texas, let's say certainly that severe, but you know, people that were used to much lower temperatures and are now see increased

temperatures. they may not be the highest temperatures that we know of in terms of um you know, hitting peaks, but relative to what those areas have previously experience. they are extreme temperatures and they affect everything that's going on. and those areas um, you know, everything from everyday commerce, people being able to be outside for extended periods of time. um you know, to, you know, snow melt and water temperatures. um and so i, i don't really think it's appropriate to think about it. um, on who is it, you know, in terms of severity in terms of who's getting the highest temperatures. um, you know, because it's relative to everyone's, um, you know, area obviously for humanity's purposes and certainly we can't survive in certain after a certain temperature we're not the very get, but certainly, you know, it is

a possibility that we will get there. if we continue to go in the same trajectory, certainly in certain places on are, hey, ways can have a devastating effect on agriculture. so how do prolonged periods of high temperatures impact crop yields food production and supply chains? and what are the implications for food security? certainly we're going to have to shift certainly the, the, the, the, the, the dependency that we've had in the past can, can no longer continue. because areas that were previously for tile, for certain crops at certain times of the year are no longer going to be, you know, that dependable. we're not going to be able to be sure that we're going to get a really robust crop of, you know, whatever it may be, whether it be lead or oranges or, you know, cattle. um, you know, because of the difficulties in the areas that until now have been the most for file

areas for those agricultural commodities. and we need to go ahead and shift we need to think about alternative areas we need to think about, you know, potentially indoor certainly, you know, indoor farming when it comes to a lot of these crops, certain things it's, you know, it's, it's feasible for, but certain things just because of the sheer size, there's no way you could move them inside. so the question is, where can you move them? where are they still viable on the planet? where is there still? you know, a um, uh, a friendly climate environment. uh for, for these, for these crops, and for these commodities, it weighs can also stream the energy system as cooling demand surges. so how do the energy grids and infrastructures cope with this increased electricity consumption? jerry, he was and what measure is can be taken to ensure consistent energy reliability. so i think there's 2 ways to talk about this. we could talk about it with respect to

our existing infrastructure and then how we need to go ahead and change our energy infrastructure with respect to our existing infrastructure. you know, a lot of places have been throttling, right? they've been rationing. how much power can be used, and that's not particularly good because there is an increasingly, um, you know, there is an increasing demand for power for the reasons that you specified. and so that the, the, the current infrastructure comes under a lot of strain and is often times not able to cope with it. we didn't, for instance, this summer, we didn't have any blackouts in the north east. we were, you know, quite fortunate. but there are certainly other areas in the united states where power rationing had to happen. and it was unfortunate especially, you know, when it's incredibly hot. and so we, we need to, you know,

find other sources of power, other than, you know, are, you know, generally fossil fuel. um, you know, generated electricity. and in addition, we need to go ahead and upgrade, you know, our power grids. they are not, you know, that they haven't been invested in appropriately over the years. it's not something that people generally think about until there is a crisis. and at that point, sometimes it's too late in some senses. and so therefore, we, we should be thinking about that now, especially if there's going to projected to be because of climate change. there's going to be an increased strain on the existing power sources and infrastructure, the power grid or to deliver the power. and now some wages are heavily reliant on tourism are suffering from reduced to visit our numbers during heat waves. so how do extreme heat events influence a torres, an industry,

and the local economies that depend on it? i think it's very complex and i'm not saying that to avoid the question. i think that that's the truth. so for instance, this past winter in the united states, certainly across the rockies was one of the wettest, snowiest winters that we've seen in decades. a lot of all tied snowfall averages or i'm sorry, old time snow for records were broke in this winter and you know, clearly that's, you know, could be attributable to climate change. that means that the sky industry uh benefited enormously. it was the highest level of ski or visits across the rockies this year. you know, that being said, what temperature is may warm and the jet stream may not be the same. and so therefore in a year where things are, you know,

not as wet and dry and hot, the sky industry could be crippled. and so we may go in various places from extreme to extreme in terms of the of the, the, the tourism that there is in certain places. it's going to be consistent where it's hot, it's going to always be hot and it's just going to continue to get dryer and hotter . and that's not good for tourism, because tourists are not going to, you know, find that pleasure filled and they're not going to go ahead and vacation there after a certain point. but i think when it comes to other more nuanced things like snow fall or rainfall, or like, you know, dropped dried away and things of that nature. i actually think that it's a much more complex issue. and i'm sure that you know destinations around the world or grappling with this on how to go ahead and at least figure a way to, you know,

have some consistency. because without consistency, it's very difficult to plan. it's very difficult to invest because you don't know what your profitability is going to look like. thank you so much, david, but please stick around. david, hell will stay with us right after the break. and when we come back, believe it or not, kline change has had a positive agricultural impact in certain countries. so don't go away. the, the russian states never is as tight as i'm one of the most sense community best. most all sun set up the same assistance

must be the one else holes question about this, even though we will then in the european union, the kremlin media mission, the state on the russia routing and split the ortiz full neck, keeping our video agency roughly all the band on youtube, the fitness center. for the question, did you say steven twist, which is the that the says user printer? well, no, i'm not the so netflix thing that amount of money is avoid the mistake dental to share because i've already, if you need to download this yet. no,

but i wanted to do policy and follow crumbs on to look really nice. i did was i as one can easily do that, so i know that you might know the import us when you might already to allow for us to have to vicki disability. i sent you one of the on may offer us the on the would you put it on the financial back on this vinnie sheets i have completed offers cool lot by just showing do you mind giving me the number that, you know, number one, let me know you got the like motor and ask you some history on friends because i also on the bottom left on the back on the market i saw on best buy. i mean, all i have to go in and work on what you're doing. i'm in the library and i figured they've done not been up to you. i've been in the past on the phone. what was your shift so you have to renew the money don't. so i was you know, mid thank you. and when you leave on,

you will get onto to ship. that's what i said. i am pushing pull up on the across the world, the climate change has been a nightmare of drought dessert if occasion, flooding and unbearable heat. but for a few nations, climate change will be a blessing as the planets coldest regions become more temperate, and no country may be better position to capitalize on climate change. then russia, like canada, russia is rich and natural resources in land with wound to grow. it's crop production as well as out of canada. scandinavia and iceland are expected to be boosted by the warming temperatures over the coming decades. even as farm yields in the us, europe and india are all forecasted to decrease. for centuries, the vast majority of the eastern half

a russia has been impossible to farm. but as the climate has begun to warm, the land has begun to improve across eastern russia, wild forest swamps in grasslands are slowly being transformed into grids for sweeping corn and wheat. as a process that is speculated to accelerate with global warming. and in russia, grain and yield production outlook were revised upwards as a result of milder temperatures during winter and weather conditions during the spring. agriculture is newly possible in the north, and the melting of greenland ice sheets will expose new areas for people to live farm and mine minerals. nukes, greenland is a city set to grow rapidly over the coming decades. fisheries, there are experiencing a boost as they can fish year round. now with warmer ocean temperatures that have drawn new fish species further north into greenland waters. nuke, farmers are now harvesting new cops including potatoes,

radishes and broccoli. global heating has also boosted sweetens per capita g d p by 25 percent. and as the new ice melt opens up the northwest passage, c route, it will connect the atlantic and pacific oceans. and this will make it open and navigable for shipping. cutting down shipping times by around 40 percent. and this enables easier regional trade, tourism fishing and travel. so as he weighs in global warming, rex havoc on north america, europe and asia and the global south. the northern most territories are enjoying a boost to their economies, causing a redistribution of power and wealth. and for more we're bringing in again david, how co founder of pro chain capital. so can you elaborate on this phenomenon and discuss how previously inhospitable lands are becoming more suitable for cultivation? i don't think they were interested. i. well,

i'm thinking of places like, you know, the amazon rain forest and areas that previously were just, i don't, i don't know if they were on us privileges. they weren't developed. and i think now, you know, as more development is happening around the world and certainly in um, you know, the front what we call frontier markets, an emerging markets. there is an eye towards economic growth and efficiency. and so therefore, they are exploiting the resources that i've always been there that have been deemed quote in hospitable and now they are becoming much more so hospitable. but on the other hand, you know, we rely on those areas that have been inhospitable for, for lots of other things like maintaining certain species. ready that wouldn't otherwise exist, they would go ahead and, you know,

they would cease to exist if they didn't have their habitats. so, you know, it's kind of a double edged sword and sense of making these areas hospitable. and certainly, you know, the sooner you exploit them and the quicker you exploit them, uh, you know, the sooner that they're going to go out of out of being, become extinct and, and we're just going see a depletion and resources. and in the same vein, many areas that were previously bred baskets of the world have now been dried up, and food scarcity is becoming a grim reality. so how can we efficiently allocate fluids so that the heat waves do not result in fluid scarcity? there are people, you know, certainly at government funded organizations and world wide foundations that of focus on this. and certainly they need to be thinking further out on the timeline than just, you know, today or the next year or so. because these issues are prevalent and they're

becoming more serious and we have because of our planet being finite. they have a finite number of solutions for all this. and so the, you know, they need to be thinking about this now and they need to be thinking about it aggressively. and now some ego systems may undergo transformations as a result of heat ways. are there any cases where shifts in species distribution or bio diversity has led to unexpected ecological consequences? i do, but i'm not going to be as negative as many people are. i think we as humans, are going to figure out good ways to adapt. i think some smart people are going to figure out a way to, you know, in a way make lemonade out of lemons. you're going to take a very difficult situation and be creative about it. and yes, you know, some things that we, once had, you know, may no longer exist or exist in the same way that they existed. you know, certainly you don't want to see species of either, you know, animals or plants,

you know, ceased to exist and, and to essentially not to be returned. ah, you know, and go extinct. but i think that there are going to be ways for people with ingenuity i, you know, to make a good thing out of this. i don't think. busy is lost, i think we're just going to have to conform to a new reality. are there any initiatives exploring innovative ways to harness the energy generated by heat ways such as through thermal electric technology or waste heat recovery? i do believe that there is ingenuity out there, the people trying to go ahead and take the negative circumstances and create positive, you know, developments from them. and now as we look into the future, how can governments industries and communities work together to address the escalating costs a few ways and build resilience against the challenges posed by rising temperatures?

oh, i think that's really hard. i think we're on a trajectory of no return at this point. i think we, we all know what we kind of need to do. i don't know if the government's holding each other accountable. you know, for promises that they make or targets that they are supposed to be reaching for either you care about, you know, the heating planet or you don't. and i think at this point, most people know about the heating planet. i think they need, you know, and everybody will choose to do what it is that they do. i don't think it's what it's so it's so productive spend of time or resources to go ahead and have a conversation with c o a or an executive of a company. we talks about reducing, you know, emissions and then you know, jets off on a private jet. um, you know, as opposed to being able to fly commercial i, i just, i think people are a bit too contradictory and i think a lot of the talk is worthless. what we need now is action, and i think, you know,

people think people know what they need to do and they need to do it. thank you so much for all your time today. david. now as extreme hit slams, the world's 3 biggest economies, all at once, the us, europe, and china. it is compound in problems for workers, businesses and the future of economic growth. a while there are many losers in this . the biggest loser of all are the women and the children and the elderly and the global south, or most at risk. the impact is in order and it leads bigger for the poor who may not have access to cooley or water or trees for shade. meanwhile, the biggest winters, on the other hand, are the northern countries where previously on farms land is suddenly lush and fertile, creating new economic opportunities for growth. i'm to see i thanks for watching and we'll see you right back here. next time on the costs of everything.

the at the end of the 18th century, great britain began to conquer and colonize australia. from the very beginning of the british penetration to the continent. natives were subjected to severe violence and deliberate extra patient. according to modern historians. in the 1st 140 years, there were at least 270 massacres of local depot. any resistance to the british was answered with double parole. the hundreds of natives were killed for the murder of one settler. indigenous australians were not considered complete people. no wild beast of the forest was ever hunted down with such unsparing perseverance as they

are. men, women, and children are shot whenever they can be met with squatter. henry myrick wrote in a letter to his family in england, in $1846.00 plus scro you as fast as these rightly described as blood soaked in races. if at the beginning of colonization, there were one and a half 1000000 indigenous people living on the continent, then by the beginning of the 20th century, their number had degrees still 100000 people. despite the indisputable historical facts, the problem of old recognition of the crimes of white australians against aborigines has not been resolved so far. the we are in august on one of the most ethically and culturally diverse regions on the entire planet. as you make your way through the star, you will discover, each region is known for its own unique arts and traditions

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