If you’re a climate-change denier in the eastern U.S., including the president, then the past few weeks have been a dream. It’s cold and snowy where I live, you might say, colder and snowier than in years. Therefore, climate change is a hoax, just as I’m always saying. Would I be able to hold this snowball otherwise? Check and mate. Unfortunately, extreme spells of winter weather can still happen in an atmosphere made more chaotic by rising heat. The fact that a record-smashing summer heat wave is happening in Australia at the same time that a brutal winter cold is punishing the U.S. illustrates the point. And all these weather extremes endanger people and make them poorer, costs that will keep mounting the more we waste time pretending the problem doesn’t exist or hoping half-measures will suffice. It’s no coincidence that, as temperatures have risen in this century, so has the damage from climate-fueled weather. The world has spent $20 trillion in the past 25 years cleaning up and insuring property after disasters, Bloomberg Intelligence estimates. That includes $1.4 trilli
Extreme cold is a billion-dollar problem, too
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