A big picture issue I would like to add on this subject is this- the fiat monetary system is highly dependent upon insurance. In fact insurance and banking are co-dependents. Since neoliberal reforms of the 1980s shifted bank lending more and more onto residential property finance (home mortgages) banks have required your home has insurance for them to give you a mortgage. With climate change insurance faces an existential challenge- climate change has already greatly increased the frequency and severity of extreme weather events and as mentioned in the above article related events such as wildfires. This is increasingly forcing insurers to retreat from high risk areas and as this continues the entire insurance model starts to break down. Insurance works best when all or nearly all of a market buys and gets coverage but as high risk areas become unaffordable and the number of insurable properties reduces the viability of the entire system diminishes. Ultimately climate change could cause a collapse on the fiat monetary system as it is so integrally reliant upon the provision of fiance toward insured assets- if those assets are increasingly uninsurable- the fiat debt based insurance reliant monetary system may reach a point of collapse.