«When sea levels rise,
damage costs rise even faster, our analyses show,» explains Markus Boettle, lead author of the study published in the journal Natural Hazards and the Earth System.
Not exact matches
In the end, the penny was collateral
damage in the battle of inflation, its manufacturing
cost rising to 1.6 cents.
The
cost of bananas could
rise too not because of
damage to crops like we saw during Cyclone Yasi.
The report's author, Dr Leslie Budd from the Open University, argued that as well as
damaging Northern Ireland's attractiveness as an entry route into the single market, transaction
costs for trading into the EU would «
rise significantly» and inhibit economic co-operation with the neighbouring Irish Republic.
It would
damage businesses that export to Europe and the jobs that depend on those exports for there to be the additional
costs of tariffs and it would
damage consumers here, already failed by stagnant wages and
rising housing
costs.
The
cost of environmental
damage, which is based on Sir Nicholas Stern's review on the economic
costs of climate change, will continue to
rise every year until it reaches a mark of # 59.60 a tonne by 2050.
However, payments for personal - injury and property
damage rose by nearly six percent — marking the fifth year in a row of
rising costs.
For the first time, the scientists show that the
damage costs consistently increase at a higher rate than the sea - level
rise itself.
In a further setback to reducing U.S. carbon emissions, the U.S Environmental Protection Agency has proposed lowering the U.S. government's «social
cost» of carbon, or the estimated
cost of sea - level
rise, lower crop yields, and other climate - change related economic
damages, from $ 42 per ton by 2020 to a low of $ 1 per ton.
«Our study illustrates that the complexity of climate change, adaptation, and flood
damage can be disentangled by surprisingly simple mathematical functions to provide estimates of the average annual
costs of sea - level
rise over a longer time period.»
As a result, the
cost of
damage from the Northridge quake, which killed 60 people, is expected to be double early estimates,
rising to more than $ 20 billion.
Rising costs from flood
damage are due to several factors such as changes in climate, land use, population and wealth.
For more read «
Cost of Storm
Damage Will
Rise Sharply, Even Without Climate Change» in the August issue of Scientific American.
The fact that the number of residential buildings in coastal areas has increased significantly combined with the increasing risks of impacts of due climate change means that the
cost of
damage to coastal developments are likely to continue to
rise.
People are responsible for much of the
rising cost and ecological
damage that wildfires impose
The paper is titled «Coastal flood
damage and adaptation
costs under 21st century sea - level
rise ``.
The cities are seeking compensation from the companies for
cost related to sea level
rise and other climate
damages caused by greenhouse gas emissions from burning fossil fuels.
Congress created the NFIP in 1968 in response to the
rising cost of taxpayer - funded disaster relief for flood victims and the increasing amount of
damage caused by floods.
Upon first use of their Membership numbers, cards or of any benefits, Members are deemed to have accepted these Terms and Conditions and releases The Company, Airline Partners and / or Partners from any direct or indirect loss, claims,
costs,
damages or expenses of any kind whatsoever arising out of or in connection with the Golden Circle, and whether or not The Company, Airline Partners and / or Partners have any control over the circumstances giving
rise to such loss, claims,
costs,
damages or expenses.
Sea level
rise has already
cost governments and private landowners billions of dollars as they have pumped sand onto eroding beaches and repaired the
damage from storm surges.
The
cost of climate change in agriculturally productive areas, plus
damage from sea level
rise is likely to vastly exceed the
cost of mitigation.
In particular, he cited a graph that was included in the report that showed a relationship between
rising temperatures and the increasing
costs of
damages from weather - related occurrences.
However, your opening comment suggests my purpose in highlighting the
damage costs of sea level
rise are trivial may not have been overlooked.
I am interested in the estimated
cost of
damages that a
rising sea level might cause.
The local governments want the industries to pay for
damage and adaptation
costs resulting from climate change, including sea - level
rise and more extreme storms.
Put simply, KXL's job creation potential is relatively small, and could be completely outweighed by the project's potential to destroy jobs through
rising fuel
costs, spill
damage and clean up operations, air pollution and increased GHG emissions.
-- However, if in the absence of mitigation these events eventually
rose to provide a substantial cooling, it could be highly variable year to year and thereby impose severely
damaging global temperature fluctuations, and it could also be at the
cost of a related scale of volcanoes, earthquakes and tsunamis destroying more of society's infrastructure.
Much better, then, to target a maximum of, say, 3C
rise, which will
cost about $ 40 trillion but avoid most
damages.
The scope and impacts of climate change — including
rising seas, more
damaging extreme weather events, and severe ecological disruption — demand that we consider all possible options for limiting heat - trapping gas emissions — including their respective
costs and timelines for implementation.
While it's hard to pin a dollar value on
damages, economic models suggest climate change already
costs hundreds of billions in
damages globally during the 20th century through lost crops,
rising seas and more extreme weather.
(11/15/07) «Ban the Bulb: Worldwide Shift from Incandescents to Compact Fluorescents Could Close 270 Coal - Fired Power Plants» (5/9/07) «Massive Diversion of U.S. Grain to Fuel Cars is Raising World Food Prices» (3/21/07) «Distillery Demand for Grain to Fuel Cars Vastly Understated: World May Be Facing Highest Grain Prices in History» (1/4/07) «Santa Claus is Chinese OR Why China is
Rising and the United States is Declining» (12/14/06) «Exploding U.S. Grain Demand for Automotive Fuel Threatens World Food Security and Political Stability» (11/3/06) «The Earth is Shrinking: Advancing Deserts and
Rising Seas Squeezing Civilization» (11/15/06) «U.S. Population Reaches 300 Million, Heading for 400 Million: No Cause for Celebration» (10/4/06) «Supermarkets and Service Stations Now Competing for Grain» (7/13/06) «Let's Raise Gas Taxes and Lower Income Taxes» (5/12/06) «Wind Energy Demand Booming:
Cost Dropping Below Conventional Sources Marks Key Milestone in U.S. Shift to Renewable Energy» (3/22/06) «Learning From China: Why the Western Economic Model Will not Work for the World» (3/9/05) «China Replacing the United States and World's Leading Consumer» (2/16/05)» Foreign Policy
Damaging U.S. Economy» (10/27/04) «A Short Path to Oil Independence» (10/13/04) «World Food Security Deteriorating: Food Crunch In 2005 Now Likely» (05/05/04) «World Food Prices
Rising: Decades of Environmental Neglect Shrinking Harvests in Key Countries» (04/28/04) «Saudis Have U.S. Over a Barrel: Shifting Terms of Trade Between Grain and Oil» (4/14/04) «Europe Leading World Into Age of Wind Energy» (4/8/04) «China's Shrinking Grain Harvest: How Its Growing Grain Imports Will Affect World Food Prices» (3/10/04) «U.S. Leading World Away From Cigarettes» (2/18/04) «Troubling New Flows of Environmental Refugees» (1/28/04) «Wakeup Call on the Food Front» (12/16/03) «Coal: U.S. Promotes While Canada and Europe Move Beyond» (12/3/03) «World Facing Fourth Consecutive Grain Harvest Shortfall» (9/17/03) «Record Temperatures Shrinking World Grain Harvest» (8/27/03) «China Losing War with Advancing Deserts» (8/4/03) «Wind Power Set to Become World's Leading Energy Source» (6/25/03) «World Creating Food Bubble Economy Based on Unsustainable Use of Water» (3/13/03) «Global Temperature Near Record for 2002: Takes Toll in Deadly Heat Waves, Withered Harvests, & Melting Ice» (12/11/02) «
Rising Temperatures & Falling Water Tables Raising Food Prices» (8/21/02) «Water Deficits Growing in Many Countries» (8/6/02) «World Turning to Bicycle for Mobility and Exercise» (7/17/02) «New York: Garbage Capital of the World» (4/17/02) «Earth's Ice Melting Faster Than Projected» (3/12/02) «World's Rangelands Deteriorating Under Mounting Pressure» (2/5/02) «World Wind Generating Capacity Jumps 31 Percent in 2001» (1/8/02) «This Year May be Second Warmest on Record» (12/18/01) «World Grain Harvest Falling Short by 54 Million Tons: Water Shortages Contributing to Shortfall» (11/21/01) «
Rising Sea Level Forcing Evacuation of Island Country» (11/15/01) «Worsening Water Shortages Threaten China's Food Security» (10/4/01) «Wind Power: The Missing Link in the Bush Energy Plan» (5/31/01) «Dust Bowl Threatening China's Future» (5/23/01) «Paving the Planet: Cars and Crops Competing for Land» (2/14/01) «Obesity Epidemic Threatens Health in Exercise - Deprived Societies» (12/19/00) «HIV Epidemic Restructuring Africa's Population» (10/31/00) «Fish Farming May Overtake Cattle Ranching As a Food Source» (10/3/00) «OPEC Has World Over a Barrel Again» (9/8/00) «Climate Change Has World Skating on Thin Ice» (8/29/00) «The
Rise and Fall of the Global Climate Coalition» (7/25/00) «HIV Epidemic Undermining sub-Saharan Africa» (7/18/00) «Population Growth and Hydrological Poverty» (6/21/00) «U.S. Farmers Double Cropping Corn And Wind Energy» (6/7/00) «World Kicking the Cigarette Habit» (5/10/00) «Falling Water Tables in China» (5/2/00) Top of page
The report, The Human
Cost of Weather - Related Disasters 1995 - 2015, is intended to focus attention during the UN climate change conference — which opens in Paris on Monday − on the
damage already inflicted by global warming as a consequence of
rising levels of greenhouse gases in the atmosphere, in turn as a consequence of the human combustion of fossil fuels and the destruction of the planet's forests.
Common sense dictates that greater sensitivity translates into greater
cost: For example, if sensitivity is low and sea levels
rise by only 2 cm,
damage will be relatively minimal (i.e., we lose a few meters of beach).
While the IPCC acknowledges that not much is known about the potential
cost of
damage beyond a temperature
rise of two degrees, it does estimate that
costs will «accelerate» beyond that point.
The social
cost of carbon is the discounted monetary value of future climate change
damages due to additional CO2 emissions (for example, the
costs of adverse agricultural effects, protecting against
rising sea levels, health impacts, species loss, risks of extreme warming scenarios, and so on).
There are other definite
costs:
costs when buildings suffer
damage from sea level
rise, storm surges and floods;
costs when we have to take steps to protect ourselves from rapid climate changes; coats when we have to deal with the results of permafrost melt;
costs when land loses value because of climate change.
It adds that the
cost of
damage caused by extreme weather events is
rising, and the continent is set to become more vulnerable in the future.
Reducing the energy consumption of buildings has become increasingly imperative because of the combined demands of energy security,
rising energy
costs, and the need to reduce the environmental
damage of energy consumption.
Furthermore, particulate air pollution is on the
rise in cities, hitting 110 million people, causing public health
damage costs in 2004 of about $ 3 billion.
According to one estimate,
damage from climate disasters and sea level
rise will
cost U.S. costal areas alone $ 1 trillion by 2100.
The introduction of no - fault 10 years ago helped SGI to stem the tide of
rising claims
costs on its basic auto insurance program, which covers vehicle
damage, third - party liability and injury, he explains.
The endorsement is meant to protect homeowners against the sudden
rise in the
cost of materials or labor that can occur when a lot of homes are
damaged in the same area.
That's good, because those
damages can
rise quickly with the
cost of healthcare today.
It was designed to lower the
rising costs associated with repairing
damage to property and belongings caused by flood.Florida has the largest number of participants in the NFIP.
It is not only severe weather events that have been pushing up home insurance
costs but also
rising costs of repairing these
damages.
If you get into a small fender bender, it might save you in the long run if you pay for any
damages out of pocket, rather than reporting the accident to your insurance company and risking a hefty
rise in your premium's
cost even though the accident was small.
But if there's
damage to the structural integrity of the building, you can expect those
costs to
rise, as well.
Furthermore, with the
rising cost of living,
rising interest rates and
rising cost of groceries, fuel, child care and everything else, most of us can not afford to pay for the
damages from a car accident.
«The
rising tide of these
damaging suits is contributing to the suppression of the U.S. economy and hampering job creation and commerce.Economic
damage caused by PAEs is estimated by Boston University to be around $ 29 billion annually, and a single may easily
cost the defendant over $ 1 million — even when the defendant prevails.»