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This is CBSI in the world. I'm John Batsford. And I welcome Terry Anderson of the Hoover

Institution, the author of a new book, Adapt and Be Adapt, market responses to climate change.

This is the moment for it because we have a report I'm following the Wall Street Journal

from the UN, the IPCC, lead graph, rising seas, melting ice caps, other effects of warming climate

may be irreversible for centuries, are unequivocally driven by greenhouse gas emissions from human

activity, according to a scientific panel from the UN. They comment from John Kerry, the climate

United States, the impacts of the climate crisis from extreme heat to wildfires to intense

rainfall and flooding will only continue to intensify unless we choose another course for ourselves

and generations to come. What the world requires now is real action. Terry, I come to you because

your book is about action, but it's not about geoengineering. It's not about banning. It's about

adapting, adapting in a way that's understandable for the conditions we have in the market-driven

American republic. I want to begin with your presentation as I recall it. Adapting includes

farming adapting, and it includes adapting on the sea shores and the river banks. It requires

the state adapting by changing its direction of subsidizing. Let's begin with farms. What can

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