Climate-Change-Driven Inflation, Modern Money Theory, and Degrowth
Recent heatwaves in India have been linked to climate change. For example, it has been estimated that human-induced climate change made the April 2023 heatwaves across India thirty times more likely. The June 2023 heatwave across twelve Indian states has been linked to climate change as well. The higher temperatures that plagued eleven Indian states in June–August 2023 were made at least three times more likely by climate change (Sengupta and Pandey Citation2023).
