Hey, everybody, Amy Scott here, host of How We Survive. We're dropping into your feeds today to share this special bonus episode. It's a conversation between me, Marketplace host Kai Rizdahl, and Pulitzer Prize-winning science writer Elizabeth Colbert. We talk about how the accelerating climate crisis is creating economic disruption, and we get

into some of the solutions that are giving us hope right now.

And I should say this conversation was recorded live over Zoom in front of an online audience.

The event is presented by Odu with additional underwriting support from The Economist.

Hope you enjoy.

Thanks, everybody for joining us this afternoon or this evening or wherever you are.

Little known fact, Amy Scott and I have been at Marketplace almost the same amount of time, 20 plus years.

We were together on the overnights way long ago, but I think, Amy, this is the first

event we've ever done together. Is that right? I think so. Yeah. It's great to see you.

It's good to see you, too, although I hate Zoom. So that's another thing entirely. Okay, so

here's the thing. Climate change is an economic crisis. That's the title of this webinar.

I need to establish a little ground truth here with you. How big an economic crisis is it?

Yeah. So I think we in the media throw that word crisis around a lot. And so when I was asking myself that question, I thought back to the financial crisis that we both covered of the mid-aughts, you know, where the sky really was falling all around us.

There was a lot of like emergency meetings and rescues.

And this is a different kind of crisis.

It's a slower moving crisis.

But there's no question that the disruptions caused by our warming temperatures are showing up in the economy.

And it's only going to get worse, you know, unless we take dramatic steps to reduce our reliance on fossil fuels.

So I'll give you a stat, a study from Germany's Potsdam Institute for Climate Impact Studies in the European Central Bank estimates that by 2050, rising global temperatures will cost the global economy

$32 trillion a year, which is really a staggering figure. And I think when you hear people say,

yeah, but the energy transition is going to cost a lot, too, it's a fraction of that, less than a

trillion a year, according to the economist. So yes, it's going to be expensive to transition the

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