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RE: Economics and The Environment Part 1: The Cost of Climate Change
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I've always wanted to see a graph like this control for the level of infrastructure spending year over year with an additional control for inflation. Basically, is there more for a natural disaster to ruin now vs. in 1970, assuming a natural disaster of the same magnitude? The answer if obviously "yes" but a study like that would actually become a bigger point of discussion assuming the difference was vast while controlling infrastructure growth over the same time period.
It's something already accounted for in all the economic surveys of natural disaster costs I've encountered, so I believe it's standard.