Climate disasters are less costly, less deadly, and corporate warnings are just hot air

Hitting the presses today, the vacuous news that lots of companies picked huge numbers out of the air using broken models to guess hyperbolic climate losses coming in the next five years, counter to all the trends for the last hundred years which show declining losses on a GDP basis. The world got warmer but the disasters got less nasty. Less bushfire, less cyclones, less tornadoes, less death per capita. The trends are all good. The only thing that’s up is the number of panic merchants.

World’s biggest firms foresee $1 trillion climate cost hit

LONDON (Reuters) – More than 200 of the world’s largest listed companies forecast that climate change could cost them a combined total of almost $1 trillion, with much of the pain due in the next five years, according to a report published on Tuesday.

So hundreds of companies have offered the climate world a free hit for PR by making a guess. They fall into two kinds of companies –The badgered and harried and the profiteers. See below for examples. Firstly the only chart that matters.

Global Weather losses are down:

If CO2 causes climate events we need more of it. The costs […]