#climateaction — Public Fediverse posts on home.social

Climate change and corruption are also driving up interest rates
Climate costs will dwarf AI

* "...Trust in all institutions, including governments, is in decline, in tech companies as protests break out over data centres on top of anxiety about the impact of AI, and in governments, because of corruption."

"Transparency International has just released its corruption perception indices for 2025, and it's getting worse almost everywhere, including Australia, down from 10th to 12th place."

"The widespread popular dissatisfaction with the working of modern American capitalism may be the product of some real, objective problems in the way American capitalism is working: income and wealth inequality on a scale not seen in a century; the concentration of economic, cultural and increasingly political power in a class of technology leaders whose products are dissolving the bonds that keep society together; the tightening nexus between business elites and the people who control the political process; rampant corruption and a political establishment that doesn't seem interested in accountability; the revival, after decades of stable prices, of inflationary pressures that are pushing the cost of living to painful levels.” The Wall Street Journal editor, Gerard Baker

"..Temperatures would be various degrees of catastrophic … and expensive, for governments, companies and households." >>
https://www.abc.net.au/news/2026-08-24/climate-change-and-corruption-are-also-driving-up-interest-rates/107068768

* 'Exceptional' summer heatwaves in Europe hurting economy
https://www.abc.net.au/news/2026-08-24/summer-heatwaves-in-europe-hurting-economy/107054578
#ClimateCosts #Climate #corruption #FossilFuels #ClimateAction #heatwaves #disasters #debt #inequality #corruption #trust