Climate Change Imperils CA Economy, UC Berkeley Expert Warns: Report

Berkeley CA

08 April, 2022

1:30 PM

Description

BERKELEY, CA — Don't stress too much about inflation, iffy fuel supplies and global instability. The real threat to California's economy is climate change, a prominent UC Berkeley expert said Thursday, The North Bay Business Journal reports. David Roland-Holst, a UC Berkeley Department of Agriculture and Resources Economics professor, delivered his remarks as the keynote speaker at an Economic Development Board conference on climate change and its impact on the economy in Santa Rosa, the report said. "California is recession proof, and our local economy is not going to tank," Roland-Holst said, according to the report. "Growth has been good for material living standards and expanded rapidly with globalization. But as incomes rise, the intensity of resource consumption rises even faster, challenging our assumptions about sustainability. "As a result, we face substantial risks from climate change, but this can also be seen as a new agenda for economic stimulus." Read more in The North Bay Business Journal