19% over just the next 26 years due to the impact of record-breaking heat waves, severe floods and wildfires, researchers say the financial pain in the short term will be unavoidable but they also say immediate actions to reduce climate change could stem some losses in the long run. >> join me right now is benji backer the executive chairman and founder of the american conservation coalition. he's also the author of a new book called the the conservative environmentalist common sense solutions for a sustainable future. benji great to see you great to be here. thanks for having me. >> wonderful. okay, so this is depressing, but help break down for me. you know, how it is that climate change over a long period of time is going to mean i as an individual, i'm going to spend more money. i am more likely to be a bit more poor in a very short term. >> how and why does that happen?