A common claim by many deniers is that global warming is good for us, or at least not as expensive as doing something about it. A couple of news stories from this past week puts the lie to those claims. And, this is just two.
The Asian Development Bank (ADB) stated it will be doubling the amount of loans for climate change adaptation from $3 billion to $6 billion annually by 2020. This is just for the Pacific and Asian territories, not world-wide. That comes to about $100 billion in additional dollars by 2050 in this one bank in this one market.
Additionally, the head of the Bank of England stated climate change threatens a global financial crises and long-term declines in wealth. Just the cost to insurers from weather-related losses has increased five-fold since the 1980s to $50 billion per year. Assuming those losses don't increase any further (a completely invalid assumption), the additional costs will amount to $1.4 trillion by 2050. By the way, the insurance companies will merely pass those expenses on to their customers.
These two events by themselves amount to $1.5 trillion in the next 35 years. When you include everything else and then factor in how things are getting worse, it is easy to see the claims of the deniers are lies. Just imagine what we could do if we devoted $1.5 trillion to fixing this problem instead of paying the coal companies to poison our land, water, and air.
Thursday 1 October 2015
Subscribe to:
Post Comments (Atom)
Popular Posts
-
Climate Change: How Can Wind Energy Help? Wind energy plays an important role in addressing climate change on a global level. Many countrie...
-
[Updated May 7, 2015] Encyclicals. Pope Francis, the leader of the Roman Catholic Church, will soon issue a papal encyclical on global wa...
-
One of the false arguments deniers make is that polar ice is increasing, thus negating claims the world is getting warmer. Their line of rea...
-
Your roof (TGW) - Quiet Revolution, a London based small wind turbine maker, has raised $12.5 million in funding for its 6 kilowatt triple ...
-
Earth (TGW) - Online cartographers have taken a different look at how maps are made. Cartographers Danny Dorling and Anna Barford of the Uni...
-
Someone left a comment and asked me to take a look at an article appearing on the NoTricksZone website - Why There Is Global Warming . I ag...
-
Summary : California ’s Global Warming Solutions Act and Executive Order S-3-05 establish the goal of reducing emissions of greenhouse gas...
-
The world will have to reduce emissions more drastically than has been widely predicted, essentially ending the emission of carbon dioxide...
-
I began a new blog that will serve as a clearing house of articles on Tom Harris, ICSC and is affiliates. I will continue to add references ...
-
I recently came across an old email (sorry, it got lost in the bustle) from a reader who asked me to review the work of a particular climat...
0 comments:
Post a Comment