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Too often the debate about climate breaks down over cost, with many Americans rightfully concerned about what limiting pollution would do to our economy.  But what this series of reports shows is that there is a cost on the other side of the ledger, too.  There will be costs to our economic security from climate change -- and significant ones at that-- if we do nothing but continue business as usual.”
-- Republican NJ Governor and former EPA head Christy Todd Whitman

Some examples of the findings include:

 -- Losses to Kentucky’s $9.3 billion timber industry due to drier seasons and more frequent fires

 -- Severe storms impacting the 10 million people in Florida’s coastal communities

 -- A potential $4 billion in shipping losses to Michigan due to reduced water levels in the Great Lakes which are projected to fall by 25%.

 -- Midwestern states are projected to lose billions in revenue each year in agricultural revenues, due to increased temperature and rainfall

 -- Loss of snowpack in the Northwest will lead to seasonal droughts and

 -- Energy costs in the Southeast are projected to rise by $60 billion due to rising temperatures by 2100

 -- NY could lose $122.9 billion in GDP and over 560,000 jobs by 2050.

 -- California could face costs of $6-30 billion per year in the San Francisco area alone due to sea level rise projected at 20-55 inches over the next century.

Compared to these potential costs, the costs of mitigation efforts such as the estimated $22 billion for a moderate cap and trade proposal, are meager indeed. They should be evaluated, not as burdens, but as investment opportunities with very large potential returns.

Doing Nothing has its Price Tag, too.  Ignorance and Inaction, really aren't Solutions, GOP wantabees.

Read em, and weep.

Get your State's Climate Change Report:

A state-by-state assessment of the costs of climate change. Click on a state below to find out how much climate change is going to cost you.

Pay Now, Pay Later (PNPL)

PNPL Video with Christy Todd Whitman for Huffington Post

Meanwhile, back on the ranch ...

Can the Insurance Industry Survive Climate Change?
by Francesca Rheannon, Reuters -- Jun 13, 2011

The weather just seems to be getting crazier and crazier. First, the Mississippi River caused record flooding in several communities.

Killer tornadoes in the Midwest of the U.S. caused major loss of life (the toll is currently 141 deaths) and record damage. But when I heard the news that my home territory of western Massachusetts got clobbered by tornadoes severe enough to cause fatalities, I was really shocked -- tornadoes in New England?

Meanwhile, forest fires are raging in Texas, New Mexico and Arizona. Over 3 million acres have burned in the tinder-box the southwestern U.S. has become, due to a monster drought-with no end in sight.

As catastrophic weather events continue to become more common and more severe due to climate change, the insurance industry will be sorely tested. 2010 insured losses were estimated at between $18 billion and $37 billion -- and indicated "a probable link" to climate change, according to insurance giant, Munich Re. In fact, the industry has named climate change its biggest challenge.

But how will the industry respond? The most immediate response we are already seeing are soaring premiums to homeowners and businesses. One 2009 study predicted a doubling of insurance rates due to climate change - and that was before severe weather events doubled in 2010 from 2009 totals.

In the case of Insurance Policies, it's Pay them Now, AND Pay them Later ...

What do they think, on the other side of the Pond?

Annual cost of climate change 'will be £190bn'
UN has underestimated financial burden of global warming, study finds
by Steve Connor, Science Editor, --  28 August 2009

Estimates of how much the world will have to spend annually on adapting to some of the worst impacts of climate change have varied widely, but the UN Framework Convention on Climate Change (UNFCCC) has suggested that typically it could be about $70bn or $100bn (£44bn and £63bn) by 2030, the cost of about three Beijing Olympics. But other scientists have now suggested that the true annual cost could easily reach $300bn or more.

$300 Billion a year to adapt to Climate Change by 2030 and climbing -- That's quite the Price Tab, for Bizness as Usual ...

But wait it gets {cough} "better" ...

The Cost of Climate Change
What We'll Pay if Global Warming Continues Unchecked
Natural Resources Defense Council (NRDC)

Four global warming impacts alone -- hurricane damage, real estate losses, energy costs, and water costs -- will come with a price tag of 1.8 percent of U.S. GDP, or almost $1.9 trillion annually (in today's dollars) by 2100.

$2 Trillion a year, just to pick up after Hurricanes Super-canes, to re-process waste water, and piece together ever-scarcer Fossil Energy -- so what's the Problem?  Just extend the Debt Limit, right?

Unfortunately, in the case of Climate Change,

Ignorance is NOT Bliss -- Ignorance about Climate Change Costs -- is going to end up being Unbelievably Expensive!   Both for us, AND those fortunate enough {cough} to follow after us.

No wonder most GOP Rhodes Scholars, don't want to believe that Climate Change even exists.

No doubt, they would rather just claim, such Climate Disasters, are all just "Acts of God"

-- therefore, No Human Intervention is required!  That's just how the Fortune Cookie crumbles ... people.  Now quit your gabbin' and  Get back to work!  {cough}

Here's a little working music for ya-all:

La, la, la, la, ... la, la ... la.

They can't WON'T Hear you ...

Originally posted to Digging up those Facts ... for over 8 years. on Sun Aug 21, 2011 at 03:16 PM PDT.

Also republished by The Durban Daily.

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Comment Preferences

  •  They're okay with pay later, because it means they (6+ / 0-)

    won't pay personally.  Why they don't care that their children and grandchildren are gonna be fucked over is beyond me, though.

    •  either their betting on (4+ / 0-)
      Recommended by:
      marleycat, lineatus, Edger, RunawayRose

      a) The Rapture,

      b)  Their Gated-Communities, and underground Cities,


      c) Their Kids will become Millionaires from all their Lobbyist connections.

      So ... What's the Problem?

      What is necessary to change a person is to change his awareness of himself.
      -- Maslow ...... my list.

      by jamess on Sun Aug 21, 2011 at 03:37:59 PM PDT

      [ Parent ]

      •  Exactly. Gated Communities for Owners, Rapture (4+ / 0-)
        Recommended by:
        jamess, lineatus, Edger, RunawayRose

        or at minimum heaven for the rank and file.

        We are called to speak for the weak, for the voiceless, for victims of our nation and for those it calls enemy.... --ML King "Beyond Vietnam"

        by Gooserock on Sun Aug 21, 2011 at 04:14:48 PM PDT

        [ Parent ]

      •  Their kids (2+ / 0-)
        Recommended by:
        jamess, RunawayRose

        will have learned by example from their parents by then won't they? And know how to pull themselves up by their owns bootstraps get a government bailout, won't they? So that they'll be able to teach their own kids by example how to pull themselves up by their owns bootstraps get a government bailout, won't they?

        Antemedius | Liberally Critical Thinking

        by Edger on Sun Aug 21, 2011 at 05:06:37 PM PDT

        [ Parent ]

      •  I wouldn't regard "underground cities" (2+ / 0-)
        Recommended by:
        jamess, RunawayRose

        for the wealthy as a safe bet.

        One critical part the third-party contractors (who won't be living there) forgot that's currently readily available at Fry's or Digi-Key breaking down can make that kind of environment as unlivable as the outside world they destroyed and are trying to hide from.

        Did you know that modern personal computers have a use-by date even if operated normally? Hard drives aside, even CPUs wear out under normal use, I'd guess a CPU in a computer purchased last week will on the average, last maybe 10 years. After that, the only fix is replacement.

        A great many PCs would be needed to run the operations side of an underground shelter.

        Basically, if one's life depends on the goods and services supplied by a technological society, if the web that ties the African native with a shovel digging up coltan lumps to the iPad at Circuit City breaks, that person is fucked, and it's only a matter of time before reality catches up.

        The other solution is to be self-reliant and willing to fix problems and create workarounds with one's own hands. Does this sound like the trust fund babies you know of, or the grownup "transnational elite business leaders"?

        Parasites that kill their hosts die.

        Peak Oil is NOW! Looking for intelligent energy policy alternatives? Try here.

        by alizard on Sun Aug 21, 2011 at 05:21:23 PM PDT

        [ Parent ]

        •  I suspect (1+ / 0-)
          Recommended by:

          we'll all end up in the same sinking boat, eventually.

          Except for maybe the top 10% (smartest) misers,

          in the top 400 richest families.

          They will think far enough ahead,
          to "warehouse" whatever they'll need, for a century.

          Think Bomb Shelters, for Billionaires.

          (Hmmm?  might make for a stellar Business Opportunity ... ?)

          What is necessary to change a person is to change his awareness of himself.
          -- Maslow ...... my list.

          by jamess on Sun Aug 21, 2011 at 05:28:04 PM PDT

          [ Parent ]

          •  what happens after a century? (1+ / 0-)
            Recommended by:

            What you described is a REALLY expensive way to die last and have a sucky and declining lifestyle while one lives in hiding.

            The model might work in a generation starship with a crew selected from top people in various practical fields and everyone willing to work their asses off at need. Which will increase rapidly as the years pass, and this also assumes a "virgin territory" that's fit for human life at the end. The worst of the damage done to the world for their profit will take centuries to undo.

            In a group selected for wealthy parents, do you see this kind of expertise and that kind of willingness to work?

            They're screwed sooner or later if no civilization rebuilds, and in that scenario, a return to normal isn't in the cards. That's if everything goes right. If 100 of these things are built, I'd guess 30-40 might be around after a decade, 10 in a generation. Stuff breaks and if the tech who knows how to fix it dies, they're SOL. And the first person who comes down with something serious requiring the services of a top-level hospital ... will die.

            Peak Oil is NOW! Looking for intelligent energy policy alternatives? Try here.

            by alizard on Mon Aug 22, 2011 at 06:13:26 AM PDT

            [ Parent ]

      •  anti-science attitude & "couldn't have predicted" (2+ / 0-)
        Recommended by:
        jamess, RunawayRose

        Notice how often you hear Republicans saying "no one could have predicted XYZ."  

        This follows directly from the extreme religious right's bad attitude toward science.

        One of the things science does is give us the ability to make predictions with good estimates as to their degree of certainty.  

        For example NASA could predict to within 1/2 hour, when a robotic space probe would reach Jupiter orbit.  That of course is straightforward Newtonian physics, but chaotic phenomena and quantum-scale phenomena can also be estimated to within useful limits.

        Scientific methods are also applied routinely in national defense, for example in intelligence analysis and military strategy.  Thus even though "no one could have predicted 9/11" in terms of the exact event and timing, the intel community had enough information to pull the fire alarm in a big way in the months leading up to the event, such that an administration that took the warnings seriously would have increased security and prevented the attack.  

        The connection goes like this:

        God is arbitrary and capricious (an attitude that is actually pre-Judaic and pre-Christian: the Jewish prophets and Jesus all preached against this).

        God rewards good behavior and punishes bad behavior.

        If bad things happen, they are part of God's plan, including rewards and punishments.  

        Attempts to use science to make predictions, infringe on God's prerogatives.

        Therefore we should reject not only Godless science, but science's "hubristic" infringement on God's turf.  

        As a result, bad things happening are a sign that we are not sufficiently faithful & righteous, and we should move toward a more Godly form of government (theocracy).

        In short, a demon-haunted world ruled by a primitive deity, converging with the desire of theocrats to impose their will on the whole of human society.  

        That is the attitude, and the set of cultural memes and emotional traits, that we need to overturn.  Or else we are headed for +5 Celsius and a near-extinction event for humanity.

        •  nice analysis G2geek (2+ / 0-)
          Recommended by:
          G2geek, RunawayRose

          we need to find some "Use Cases" -- demonstrating the phenomena.

          Could make for a Barn-stormer of a Diary, next weekend.

          No body could have foreseen ...

          What is necessary to change a person is to change his awareness of himself.
          -- Maslow ...... my list.

          by jamess on Sun Aug 21, 2011 at 05:46:44 PM PDT

          [ Parent ]

          •  most recently, the state fair stage disaster. (2+ / 0-)
            Recommended by:
            jamess, RunawayRose

            Meteorologists were issuing warnings of severe winds for the location where the fair was being held, two hours before the winds hit and destroyed the stage, killing five people.

            There was more than enough time to evacuate.  But they didn't.  "No one could have predicted...."

            Contrast to:  Years ago I went to a REM concert at an outdoor stage in Berkeley CA.  There was a light rain but there were storm clouds around.  After a bit of delay, Michael or someone got on stage and said something along the lines of "the weather forecasters are telling us there's going to be more rain shortly, and our managers don't want us to get electrocuted out here if all those wires start getting wet.  Sorry about this but we have to cancel today, and y'all will get new tickets for the rescheduled concert..."  

            There was a collective groan but then applause, and everyone filed out peacefully.   No one died.   The show was rescheduled and it was great.  

            And that's how rational people, who respect science, deal with weather events.  


            BTW, Jamess, you've lately been doing absolutely fantastic diaries on the two most important issues of our times: the climate crisis and religious extremism.  I'm highly impressed.  There's some other stuff we should discuss one of these days, having to do with resilient community.

            •  thanks for that feedback, G2 (2+ / 0-)
              Recommended by:
              G2geek, RunawayRose

              Resilient community.

              That does need a blueprint, I suppose,

              not that I'm an much of a "community organizer" lol

              the way my work is going,

              they're a high possibility -- my Govt Programming position

              gets cut in 13 Months.   So their Austerity Plan is now targeting.

              If so, I have plenty of Free Planning Time available.

              Thinking I may start a Data Analysis company or something, like that,  before then. (?)

              PS.  thanks so much for the positive feedback,

              but between you and me, and the members of dKos,

              my writing is about 10% inspiration, 20% Research effort,

              and about 70% Perspiration -- pulling it altogether,

              so that it is half-way readable.

              I like to think my Posts follow the Flintstones Vitamin Model.

              Thought/Facts Nourishment.

              What is necessary to change a person is to change his awareness of himself.
              -- Maslow ...... my list.

              by jamess on Sun Aug 21, 2011 at 06:19:22 PM PDT

              [ Parent ]

  •  There are opportunity costs too.... (5+ / 0-)
    Recommended by:
    jamess, Gooserock, alizard, G2geek, RunawayRose

    to change to sustainable energy and make innovations.

    Unfortunately, Anthropogenic Global Warming as an alarmist hoax is gaining a toehold in the American Psyche.  They want this to be some sort of natural sun generated phenomenon with nothing to do with their energy choices.  They see this as some sort of green tax on them and you know how they feel about taxes. for a nice discussion.

    You shall know the truth, and the truth shall make you mad. Aldous Huxley

    by murrayewv on Sun Aug 21, 2011 at 03:49:11 PM PDT

    •  This illustrates all the more (2+ / 0-)
      Recommended by:
      G2geek, RunawayRose

      Why we need a National Energy Policy,

      that leads us to Clean Energy Independence.

      the sooner the better.

      the sooner -- the Cheaper, and more Profitable too

      Profitable for the Nation's GNP.

      Why should China have all the fun?

      What is necessary to change a person is to change his awareness of himself.
      -- Maslow ...... my list.

      by jamess on Sun Aug 21, 2011 at 03:58:07 PM PDT

      [ Parent ]

    •  what to do about this: (2+ / 0-)
      Recommended by:
      jamess, RunawayRose

      Make it a national security issue.

      "Every time you fill up your tank, a few cents go to Al Qaeda."

      The iconic image for this could be a close-up photo of a gas pump with a tip jar attached that has Bin Laden's picture on it.  

  •  Careful there...Climate Change as a job creator? (3+ / 0-)
    Recommended by:
    jamess, Gooserock, G2geek

    On a different angle, I too was thinking about Climate Change and Maslow just this week. I wonder how the growing economic hard times will compete with Maslow's primary level of physiological needs. Will one be perceived as striking first or be perceived as the greater threat of food and sustenance? Climate change or jobs, how will they align or compete for vital priorities?  

    Eliminate the Bush tax cuts Eliminate Afghan and Iraq wars Do these things first before considering any cuts

    by kck on Sun Aug 21, 2011 at 04:09:47 PM PDT

  •  It was "raining cats and dogs" ... (2+ / 0-)
    Recommended by:
    G2geek, RunawayRose

    Even Storm Chasers can believe it ...

    What is necessary to change a person is to change his awareness of himself.
    -- Maslow ...... my list.

    by jamess on Sun Aug 21, 2011 at 04:15:55 PM PDT

  •  Isn't Satellite technology -- something! (3+ / 0-)
    Recommended by:
    alizard, G2geek, RunawayRose

    Stupid Gov't workers!  with their Health Care, and Pensions, and all that Science!

    /snark, of course.

    What is necessary to change a person is to change his awareness of himself.
    -- Maslow ...... my list.

    by jamess on Sun Aug 21, 2011 at 04:28:56 PM PDT

  •  the size of Italy ... (3+ / 0-)
    Recommended by:
    alizard, G2geek, RunawayRose

    What is necessary to change a person is to change his awareness of himself.
    -- Maslow ...... my list.

    by jamess on Sun Aug 21, 2011 at 04:46:44 PM PDT

  •  the cost of doing nothing? (2+ / 0-)
    Recommended by:
    jamess, RunawayRose

    IMO, the end of technological civilization within 2 decades.

    OTOH, the financial crisis created by the elites that they are forcing us to monetize (money going to the elites, of course) is likely to crash things once and for all even sooner.

    Those idiots have made it a "them or us" issue. If they win, we all die including their descendants. If we win (improbable), they'll be poorer (a 50% haircut would probably be sufficient) . . . but we, they and their kids will get to die of old age.

    Peak Oil is NOW! Looking for intelligent energy policy alternatives? Try here.

    by alizard on Sun Aug 21, 2011 at 05:29:23 PM PDT

    •  I suspect (1+ / 0-)
      Recommended by:

      many people will "survive" a bit longer -- say to 2060,

      assuming they are tied to their A/C like a life line.

      Of course, they will need a Euphemism for those too poor,
      to afford 24/7 A/C

      The Heat Toll, perhaps?

      After the Grid rolling brown outs,

      start turning into weeks-long, Down-time Breaks

      -- well then All Bets are off.

      The Heat Tolls for us all, in that situation.

      What is necessary to change a person is to change his awareness of himself.
      -- Maslow ...... my list.

      by jamess on Sun Aug 21, 2011 at 06:01:03 PM PDT

      [ Parent ]

  •  Rhodes Scholars (2+ / 0-)
    Recommended by:
    jamess, RunawayRose

    David Vitter, aka Diaper John vis-a-vis the Washington Madam, was a Rhodes Scholar.  It astonished me when I found that out, and it still amazes me whenever I happen to be reminded of it.  (Which happens any time either David Vitter or Rhodes Scholar is mentioned.)

    Don't tell me what you believe. Tell me what you do and I'll tell you what you believe. - MB

    by Land of Enchantment on Mon Aug 22, 2011 at 05:31:31 AM PDT

  •  Tip, rec, hotlist (2+ / 0-)
    Recommended by:
    jamess, Ahianne

    for all those links.

    C'est la vie, c'est la guerre, c'est la pomme de terre.

    by RunawayRose on Mon Aug 22, 2011 at 05:55:17 AM PDT

  •  Hit the climate deniers where it hurts: (1+ / 0-)
    Recommended by:

    The pocketbook.

    Sad that this is probably a more compelling argument for some people than all the -other- good reasons to stop burning coal and petroleum.

    Thanks for the cold, hard numbers :) I am going to file this away for future reference.

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