Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

xchrom

(108,903 posts)
Tue Jun 24, 2014, 06:34 AM Jun 2014

US 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-2014-24



NEW 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
4 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
US Will Lose Up To $100 Billion Worth Of Coastal Property To Climate Change In The Coming Decades (Original Post) xchrom Jun 2014 OP
blah blah blah. progressoid Jun 2014 #1
The sooner the better. Nihil Jun 2014 #2
Destination America: Buying The Beach! Mondays @ 9/8C hatrack Jun 2014 #3
Anybody that buys beachfront property right now... truebrit71 Jun 2014 #4

progressoid

(49,758 posts)
1. blah blah blah.
Tue Jun 24, 2014, 12:48 PM
Jun 2014

As long as I got a bacon double cheeseburger and American Idol on TV, why do I need to care about this stuff?

.


.


.




Latest Discussions»Issue Forums»Environment & Energy»US Will Lose Up To $100 B...