Post #3986356

"Heat creates a feedback loop in which expected returns on capital decline, investments fall and productive capacity is reduced, Allianz’s research found. That leads to a stagflationary environment, which can quickly become a nightmare for policymakers trying to maintain stability in Europe’s biggest economies." “What we show in our analysis is that if you do nothing you will have a fiscal cost.” https://www.bloomberg.com/news/articles/2026-07-21/heat-morphs-into-a-major-economic-shock-for-an-unprepared-europe Climate action is investment not "cost".