Very official looking info in appearance and source. A British
insurance industry expert claims that $ losses due to natural
disaster is rising 12% per an. while average world GDP growth weighs
in at a puny 3% per an. Since RATES of growth are dealt with, we are
dealing with those nasty exponential (interest rate growth) curves
12 to 3 in this racket is rough: "..value of damage
due to natural hazards could exceed the world's wealth by 2065".
Simply put, damage losses outstrip growth and by a big margin.
Even if all this is due to Mother Nature's natural cycles and has
nothing to do with CO2 level increases, it seems that prudence alone
should be sounding a wake up call to try to get a handle on the
problem. Of course, my view is that it is a double wammy of poor growth
planning respecting Gaia and defects in living earth feedbacks changing