A crisis without a solution
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 12 November 2024
⏱️ 20 minutes
🧾️ Download transcript
Summary
A new report estimates global damages from extreme weather events between 2014 and 2023 at about $2 trillion, roughly in line with the 2008 financial crisis. It comes as world leaders meet at the United Nations Climate Change Conference, or Cop29, under the shadow of President-elect Donald Trump’s promises to roll back environmental standards. We’ll get into what it all might mean for climate policy here at home. Plus, is economic growth abroad in Trump’s hands? Then, we’ll smile at Mattel’s mea culpa for a misprint on its new “Wicked” toys.
Here’s everything we talked about today:
- “‘Science is still science’: US still committed to climate fight despite Trump’s win, Podesta says at COP29” from Politico
- “A shadow ‘financial crisis’ has cost the world $2 trillion” from CNN
- “Rest of World’s Growth Is at Trump’s Mercy” from The Wall Street Journal
- “FDA to Finally Ban Controversial Ingredient in Popular Decongestants” from ScienceAlert
- “Mattel Apologizes for Porn Site Misprint on ‘Wicked’ Toy Packaging” from The Wall Street Journal
Got a question for the hosts about the election, Trump’s next presidency and the U.S. economy? Email us at makemesmart@marketplace.org or leave us a voicemail at 508-U-B-SMART.
Transcript
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| 0:00.0 | Hello everyone, I'm Kimberly Adams. |
| 0:08.7 | Welcome back to Make Me Smart, where we make today makes sense. |
| 0:12.1 | Kai is out this week, so I have the wonderful Amy Scott joining me to be with us all week long. |
| 0:18.9 | Hey, Amy. |
| 0:20.2 | Hey, Kimberly, good to be here. And thanks everyone for joining us. It is Monday, |
| 0:24.4 | November 11th. Right. As usual, today we're going to do some news and some smiles. Let's start with |
| 0:31.1 | the news. Amy, what caught your attention today? Okay. Well, I know we're going to be talking about this |
| 0:36.1 | in more detail tomorrow, but COP 29 got underway in Azerbaijan today. |
| 0:42.6 | We're going to dive into what is going on at what's being dubbed the finance cop. |
| 0:50.2 | But a couple of items caught my attention. |
| 0:52.0 | One is just the really difficult position the U.S. delegation is in this year after Trump's reelection. |
| 0:58.8 | The Trump campaign has indicated that Donald Trump plans to withdraw the U.S. from the Paris Climate Agreement again, and possibly even from the United Nations process altogether. |
| 1:10.2 | That's the United Nations Framework Convention on Climate Change, which is 30 years old, |
| 1:14.6 | and what gathers these leaders together every year. |
| 1:17.6 | And today I saw this on Politico, John Podesta, who's leading the U.S. delegation to COP 29, |
| 1:25.6 | was trying to reassure world leaders that the U.S. is still in this fight, |
| 1:29.9 | but that's a pretty hollow reassurance, at least as far as government action is concerned. |
| 1:35.9 | And then another related piece I saw on CNN is a new report from the International Chamber of |
| 1:43.3 | Commerce, estimating that the total damage |
| 1:46.6 | from extreme weather events related to climate change between 2014 and 2023, so for about |
| 1:54.0 | a decade, amounted to about $2 trillion. |
| 1:58.6 | And that includes both the direct monetary toll from the destruction of homes, |
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