If we make the switch and rely on renewable sources of energy like the sun, we can save billions of dollars by avoiding not only the costs of replacing these plants, but also the increasingly
higher costs of climate change in areas like healthcare expenses and damage from extreme weather.
While not all states are pursuing climate policies, Carbon Brief analysis showed that those concerned about the potential
high cost of climate change represent 40 % of total US emissions.
Another Brit, Nicholas Stern, an economist who wrote a seminal report on
the high costs of climate change in 2006, is similarly concerned.
The Obama administration said that the CPP would have net economic benefits of about $ 26 to $ 45 billion, based, in part, on avoiding
the high cost of climate change impacts.
Not exact matches
Now Tata is pointing to unrealistically low prices
of Chinese steel as a factor behind the closure
of Port Talbot plant, alongside
high energy prices and the extra
cost of climate change policies.
But these do not affect the key point: the effects
of climate change, for example, will cause massive adjustment
costs so
higher GDP may well not feed through to
higher living standards.
That's why we have to look at the balance in terms
of what is cheaper: Can we reduce emissions
of greenhouse gases today so that we can stabilize the earth's
climate, rather than adapt to the impacts
of climate change and incur much
higher costs over a period
of time?
«
Higher temperatures and
changes in precipitation result in pressure on yields from important crops in much
of the world,» says IFPRI agricultural economist Gerald Nelson, an author
of the report, «
Climate Change, Agriculture, and Food Security: Impacts and
Costs of Adaptation to 2050».
But factoring in
climate change will boost wheat prices by at least 170 percent and rice by a minimum
of 113 percent; the
cost of maize will be at least 148 percent
higher than at the turn
of the century by mid-century.
Water shortages are being felt around the world yet impacts vary in different places, said Gleick, adding that the human, economic, and environmental
costs of doing nothing, especially in the face
of climate change and environmental security threats, are
high and require «new thinking.»
High confidence in the reliability
of fire prediction is lacking today, even as Western drought and the effects
of climate change drive up the total acres burned nationwide and also the average size
of each fire, ballooning the number
of on - call U.S. Forest Service firefighters and the total
costs to battle the flames.
At the same time, farmers face unprecedented challenges
of climate change,
high oil prices driving demand for biofuels, and rising
costs of land and water.
When the urban heat island effect was taken into account, they found that the economic
cost of climate change for these cities would be 2.6 times
higher than previously thought.
Some places in Europe (like in Germany and Eastern Europe) will have even greater flooding worries in the next couple
of decades, and
higher budget
costs, due to
climate change.
The
high - income countries should help to finance the
costs of climate -
change mitigation in low - income countries as the
high - income countries have promised to do;
It's slow to build and slow to get regulatory approval and has
high capital
costs, so these things alone mean its hard to see it dealing with dangerous
climate change problem within the time constraints
of the next 30 — 40 years.
Carbon dioxide removal addresses the root cause
of climate change —
high concentrations
of the greenhouse gas in the atmosphere — and generally have well - understood benefits and risks, but current technologies would take decades to achieve moderate results and be
cost - prohibitive at scales large enough to have a sizeable impact.
Some economists, scientists, and planners look at the historical record and conclude that our ingenuity will get us through any coming
climate change, and that the immediate
cost of preventing — or at least slowing — any man - made
change is unacceptably
high.
In addition to raising doubts about
climate science and about the need to slow
climate change by reducing emissions, the company site omits any discussion
of the costly consequences
of climate change, choosing instead to focus exclusively on
high - end estimates
of the
costs of reducing emissions.
Given the uncertainties surrounding the science
of climate change, the minuscule impact
of the suggested remedies, and the
high cost of proposed regulations, now is a good time to step back from precipitous actions and exaggerated rhetoric.
Older people are at much
higher risk
of dying during extreme heat events.136, 50,241,233 Pre-existing health conditions also make older adults susceptible to cardiac and respiratory impacts
of air pollution25 and to more severe consequences from infectious diseases; 257 limited mobility among older adults can also increase flood - related health risks.258 Limited resources and an already
high burden
of chronic health conditions, including heart disease, obesity, and diabetes, will place the poor at
higher risk
of health impacts from
climate change than
higher income groups.25, 50 Potential increases in food
cost and limited availability
of some foods will exacerbate current dietary inequalities and have significant health ramifications for the poorer segments
of our population (Ch.
[i] Also, many
cost - benefit analyses use
high discount rates to estimate the future
costs of climate change, which is questionable both on ethical grounds and because it assumes economic growth can continue indefinitely.
To pursue a 2oC pathway to address the risks
of climate change, the need for efficiency gains is likely to ramp up significantly, meaning that capturing the most
cost - effective efficiency gains will become even more important in order to spare society an unnecessary economic burden associated with
high -
cost options to reduce emissions.
And even with strong international
climate policies, more rapid decarbonization (the rate
of decrease in emissions per unit
of GDP) will require
higher costs and major policy
change.
The loss
of financial capital can be a lot
higher and faster than the GDP losses [used to model the
costs of climate change in the study].
Weitzman pointed out that, when we consider the full range
of possible outcomes from
climate change, the outlying possibilities on the
high -
cost side
of the range
of possible outcomes do not go quickly to zero, which implies far greater risks — and a far greater likelihood
of damages — than conventional analyses would suggest.
The global
cost of natural disasters is getting
higher as the number
of extreme weather events increases due to
climate change.
A report on the impacts
of climate change on human health published by the European Commission Joint Research Council also shows that coastal flooding and
high sea - level rise scenarios could have significant negative effects on mental health, in addition to
high economic
costs.
The risk in developing countries is mis - allocation
of resources to
high cost infrastructure for adaptation to
climate change that may never happen.
These questions are organized according to the most frequent arguments made against
climate change policies which are claims that
climate change policies: (a) will impose unacceptable
costs on a national economy or specific industries or prevent nations from pursuing other national priorities, (b) should not be adopted because
of scientific uncertainty about
climate change impacts, or (c) are both unfair and ineffective as long as
high emitting nations such as China or India do not adopt meaningful ghg emissions reduction policies.
However, the
costs of coping with health risks linked to severe
climate change are often
higher than the
costs of curbing heat - trapping emissions in the first place.
Rural poverty in parts
of Asia could be exacerbated due to negative impacts from
climate change on rice production, and a general increase in food prices and the
cost of living [
high confidence].
The IEA has also estimated that by 2050 the
cost of tackling
climate change without CCS could be 70 %
higher than with it.
-- Muller believes humans are
changing climate with CO2 emissions — humans have been responsible for «most»
of a 0.4 C warming since 1957, almost none
of the warming before then — IPCC is in trouble due to sloppy science, exaggerated predictions; chairman will have to resign — the «Climategate» mails were not «hacked» — they were «leaked» by an insider — due to «hide the decline» deception, Muller will not read any future papers by Michael Mann — there has been no increase in hurricanes or tornadoes due to global warming — automobiles are insignificant in overall picture — China is the major CO2 producer, considerably more than USA today — # 1 priority for China is growth
of economy — global warming is not considered important — China CO2 efficiency (GDP per ton CO2) is around one - fourth
of USA today, has much room for improvement — China growth will make per capita CO2 emissions at same level as USA today by year 2040 — if it is «not profitable» it is «not sustainable» — US energy future depends on shale gas for automobiles; hydrogen will not be a factor — nor will electric cars, due to
high cost — Muller is upbeat on nuclear (this was recorded pre-Fukushima)-- there has been no warming in the USA — Muller was not convinced
of Hansen's GISS temperature record; hopes BEST will provide a better record.
The U.S. Congress begins a summer
of important debates on the future
of American energy policy — debates that the Group
of Eight industrialized nations can help shape at their summit in Germany this week by focusing on the devastating impact
high energy
costs and
climate change have on the world's most vulnerable populations.
There is no telling just how
high the economic
costs of climate change could be.
We also explained that for over 30 years, proponents
of action on
climate change mostly focused on responding to the arguments made by opponents
of climate change that government action on
climate change was unjustifiable due to scientific uncertainty and
high costs of proposed
climate policies.
Alaska is home to 40 % (229
of 566)
of the federally recognized tribes in the United States.171 The small number
of jobs,
high cost of living, and rapid social
change make rural, predominantly Native, communities highly vulnerable to
climate change through impacts on traditional hunting and fishing and cultural connection to the land and sea.
The
cost of climate change is uncertain to a factor
of 10 or more and could be as
high as ∼ $ 1000 / tCO2 [235], [240].
However, the social
cost of carbon (SCC) is
higher (by about 15 %) under uncertainty than in the certainty - equivalent case because
of asymmetry in the impacts
of uncertainty on the damages from
climate change.
Climate change — inducing greenhouse gas emissions have real impacts, and the
cost of inaction is
high.
* The International Energy Agency recently found that the
costs of avoiding dangerous
climate change may be three times
higher than those estimated by the IPCC in 2007.
(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
high costs for the US economy
of mitigating
climate change have been cited by the Bush administration as one
of the reasons for rejecting US ratification
of the Kyoto Protocol.
Stern reckons that a
high - carbon growth future would kill itself, firstly from
high hydrocarbon
costs and then because
of climate change.
Prof MacKay stressed the importance
of CCS, endorsing other analyses that indicate that the
costs of tackling
climate change are much
higher without the technology.
Decades
of delay in addressing
climate change is costly: • Adaptation
costs are already
higher today because
of delay, and will be worse tomorrow.
The essence
of the declaration is a recognition by financial institutions from around the globe that anthropogenic
climate change is real, the
cost of inaction will be extremely
high, financial institutions must take greater action and integrate
climate change into their everyday decision - making, and governments need to do more, namely set ambitious, long - term targets for emissions reduction.
Critics blame the kind
of short - sightedness that sent Brookman to the exit and often results in too much focus on present
high electric rates instead
of long - term electricity
costs paired with
climate change benefits.
Fires, floods and hurricanes are already
costing the federal government tens
of billions
of dollars a year and
climate change will drive those
costs ever
higher in coming years, a new federal study warns.