Response to Blog Post

In Ryan Fiorella’s post, “The Monetary Cost of Climate Change”, he explains the impact that global warming can have on the money that is spent by people all over the world. The continuous spending will have a great effect on the future of the cost of living, job markets, and other daily transactions.

He goes on to list specific costs that that impact the future, such as the cost of fossil fuels and natural gasses. Fiorella states that, “this may come to a surprise to many since nobody ever really talks about it, it is a very real issue” (2018). This is true, this is not something that a person thinks about on a typical day.

This is a topic that is not disappearing, yet no one takes the time to acknowledge the fact that climate change is very costly. So, not only did our actions negatively impact the ozone, but in order to even attempt to fix the problem, we must put an immense amount of money into these projects.

A positive aspect of the actions being taken to fix the climate change is that it will increase jobs in the future and decrease the rates of unemployment globally. Future advancements of technologies will also attempt to combat this issue. These both can be very costly, increasing job opportunities will require an increase in the allocation of money. Building these technologies will also be extremely expensive.

Fiorella makes a great point that although the ideas to change the future of our ecosystem are great, it cannot fully reverse the damage we have caused. In order to make our world a better place, prices of everyday crops and sources of energy will eventually be more costly. Products and resources have had a trend of increasing its pricing over time. Will this be a gradual change that society will comfortably ease into, or will this be a drastic change in our monetary expenses?

Fiorella. R (2018, September 27). “The Monetary Cost of Climate Change” Retrieved from https://medium.com/the-future-of-climate-change/the-monetary-cost-of-climate-change-4435e5ccdb15