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Related: About this forumUS Will Lose Up To $100 Billion Worth Of Coastal Property To Climate Change In The Coming Decades
http://www.businessinsider.com/r-us-to-face-multibillion-dollar-bill-from-climate-change-report-2014-24NEW YORK (Reuters) - Annual property losses from hurricanes and other coastal storms of $35 billion; a decline in crop yields of 14 percent, costing corn and wheat farmers tens of billions of dollars; heat wave-driven demand for electricity costing utility customers up to $12 billion per year.
These are among the economic costs that climate change is expected to exact in the United States over the next 25 years, according to a bipartisan report released on Tuesday. And that's just for starters: The price tag could soar to hundreds of billions by 2100.
Commissioned by a group chaired by former New York City Mayor Michael Bloomberg, former Secretary of the Treasury and Goldman Sachs alum Henry Paulson, and environmentalist and financier Tom Steyer, the analysis "is the most detailed ever of the potential economic effects of climate change on the U.S.," said climatologist Michael Oppenheimer of Princeton University.
The report lands three weeks after President Barack Obama ordered U.S. regulators to take their strongest steps ever to reduce greenhouse gas emissions, including requiring power plants to cut carbon dioxide emissions to 30 percent below 2005 levels by 2030.
Read more: http://www.businessinsider.com/r-us-to-face-multibillion-dollar-bill-from-climate-change-report-2014-24#ixzz35YGFVrv5
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US Will Lose Up To $100 Billion Worth Of Coastal Property To Climate Change In The Coming Decades (Original Post)
xchrom
Jun 2014
OP
progressoid
(50,008 posts)1. blah blah blah.
As long as I got a bacon double cheeseburger and American Idol on TV, why do I need to care about this stuff?
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Nihil
(13,508 posts)2. The sooner the better.
Wake people up one soggy home at a time.
hatrack
(59,596 posts)3. Destination America: Buying The Beach! Mondays @ 9/8C
truebrit71
(20,805 posts)4. Anybody that buys beachfront property right now...
...is clearly not thinking straight...