a bad, there's actually a high cost on society. he weighs cause increase. wildfire sprouts and even effect moves and productivity, a citizen. i'm christy, and you're watching the cost of everything work today. we're going to be talking about what the summer sheet ways mean for you. the and initial calculation shows that the reason he ways 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 lower 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 brand of extreme heat . they are hit harder by heat ways and because they're more economically vulnerable and like the infrastructure to adapt to the extreme climates. july was the hottest month 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 ways. babies, toddlers, a malnourished children, and pregnant women are the most vulnerable to sheets, drugs, and other serious effects the extreme. he can have a wide range of effects on people and economics. he ways kill crops and cause

illnesses like 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 correctional facilities without air conditioning. and the mississippi found that on days of $27.00 degrees, the problem building of biling 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, lot 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 ways this year with temperatures climbing as high as 45 degrees in knee and mark 44.5 degrees in india. and 42 degrees in china with pilot allows breaking all time record highs . but 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 fell as they actually decreased 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 loss of education, forrest animal life, so on which, 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 and meeting fuels and so therefore that leads to e. s g issues. and again, a vicious cycle with somewhat of climate change. you know, we've gone ahead and raised the temperature of c's um all over the world. we're losing core. ready re for losing species of, of the, you know, different types of aquatic life. and then there is the, you know, the issues of wood with such heat waves. a lot of i could not normal economic activity becomes either more costly or, you know, more difficult to perform. 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. there's more friction between your tires and the road when the road is that more charter 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 is 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 to everything that's going on in those areas. um, you know, everything from every day 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 very yet, but certainly, you know, it is a possibility that we will get there. if we continue to go into the same trajectory, certainly in certain places on our hate, waves can have a devastating effect on agriculture. so how to prolonged periods of high temperatures impact crop yields food production and supply chains. and what are the implications for food security? it 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 weed or oranges are, 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 is 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 friendly climate environment for, for these, for these crops. and for these commodities, it ways can also stream the energy system as cooling demand searches. so how do the energy and cruise and infrastructure as 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 can 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 isn't 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 is unfortunate especially you know, when it's incredibly. ready 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 the 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 tourism 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 the time

snowfall averages are, i'm sorry, old type of snowfall records were broken 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 year visits across the rockies this year. you know, that being said, what temperatures 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, 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, [000:00:00;00] the there's no end in sight over how you're going to continue to destroy the earth. is

the case of the med, most of the people. i tried to go to the gym, but i'm certainly not ready to fight russia. this is also absurd. this is the 3rd world lunacy re washing, press 4. so the funder line likes to say, we have the tools while we just start with stability and business deal. so what should i need? something living on that we have very close propaganda. you know, price here in new york. i think we don't know the aftermath any time that you're not allowed to ask questions, you should ask all of the questions. some more questions, ask a better. the answer is will be accepted. and i'm here to plan with you whatever you do. do not watch my new show seriously. why watch something that's so different. whitelisted opinions that he won't get anywhere else. welcome to please or do have the state department to see i a weapons bankers, multi 1000000000 dollar corporations. choose your facts for you. go ahead. change and whatever you do,

don't want myself to stay main street because i'm probably going to make you uncomfortable. my show is called stretching time, but again, you probably don't want to watch it because it might just change the way. instead the across the world, the climate change has been a nightmare of drought, the certification 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 room 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 and 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. the global heating has also boosted sweetens per capita g d p by 25 percent. and as the new ice note 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 ties 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 cells. the northern most territories are enjoy boost to their economies, causing a redistribution of power and wealth. and for more we're bringing in again and david,

how co founder of pro chain capital. and 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. um, but on the other end, you know,

we rely on those areas that have been inhospitable for, for lots of other things like maintaining certain species 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 to 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 become a grim reality. so how can we efficiently allocate foods 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 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. they'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, see, she's of either, you know, animals or plants, you know, cease to exist and, and to the centrally not to be returned. uh, you know, and go extinct. but i think that there are going to be ways for people with ingenuity um you know, to make a good thing out of this. i don't think. busy is loss. 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 waves 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 government industries and communities work together to address the escalating costs a few ways and build resilience against the challenges posed by rising temperatures? 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 governments 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 in 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 cheese for shade. meanwhile, the biggest winters on the other hand, are the northern countries were previously on farms. land is suddenly lush and fertile,

creating new economic opportunities for growth. i'm christy. i. thanks for watching . and we'll see you right back here next time on the costs of everything. the take a fresh look around is a life kaleidoscopic, isn't just a shifted reality distortion by power to do vision with no real opinions. fixtures, design to simplify will confuse who really wants a better world. and is it just as a chosen few fractured images present? it is, but can you see through their illusion going underground? can

the cause of just doing your work phone from dish done is how could i escape this to the rest of the order to someone you off because of them going if our stuff is already at all you do i do i need to do that mostly the way i'm using this new do they have uh business to do more speaking on the job k yesterday. the 1st one being unemployed. so i see me in nevada because i'm just using the she left for the so they brought him to the college and it says that it keeps mentioning due to the process is when the preferred to the problem was picked it up and put it on. yeah, but as on your part from shay,

the funded pretty for julie. is the beat kids know the process for this night? they push out people to the level of quoting and your school previous yours. oh, you know participate. so unfortunately, i also have my phone. i'm not good, but it's not. the real thing to do is i have to go a lot of videos and i'll go with what's going on. so before we're in the profession will work on your, your cell phones of all i me and you have that because that gives you really the we are in the darkest, on one of the most ethnically and culturally diverse regions on the entire planet. as you make your way through the start, you will discover each region is known for its own unique arts and traditions

the. it started in 1983 session with my father on a young man, the site that dogs out to the same as a kid does when he goes out in the lake and the communities fission for advantage with the rod and reel calendars for a really long time my mom was pregnant with me still long winding and i grew up on long line. i've been having this issue since probably 1970 was my 1st year that i seriously pointed to the explainable biomass is near historical levels. growth rate has dropped calling when it's done and it's worse form has of leveling effect, and it has a tendency to really just sort of strip away everything that's there. the wave fisheries are changing. it's the way our country's changing. it's increasingly hard for small businesses to make it abundant. stocks are important. i mean, who wants to fish the last bit, the message i would leave to you is the importance of not giving up the importance

of working together and also the importance of taking care of your corner of the ocean. the headlines on all the international as a by john's president expresses his condolences to vladimir putin note to the russian peace people destined to go no tower. back for some media outlets. play button as a by johnny come on. this has been suspended over the instant the final bill on details i get to be discussed said the representative of nicole no tower box on medians. although that's following talks with as a find on the officials on reintegration, on the legal status of the regional needs. and population also ahead the