Of course natural disasters are far from being
the only costs of climate change.
Not exact matches
So far most
of the government apps seem modest in scope (think: Mapping crime reports or finding out when the next train will come), but O'Reilly suggested that this is
only the beginning and that the approach can work for big problems like rising health care
costs, poorly performing schools, and
climate change.
Offering his
only climate change policy prescription
of the evening, he added, «That's why I'm going to push to
change the way we manage our oil and coal resources, so that they better reflect the
costs they impose on taxpayers and our planet.»
It's just amazing that, you know, you could capture that much information and it's interesting in the scientific perspective because what we are finding right now with issues like
climate change and conservation is that we really need fine - grained samples from very large geographic areas to really understand the dynamics
of species range movements and how fragmentation is occurring and many biogeographic questions, and literally, the
only way we can do this is through voluntary networks like this because it would
cost billions and billions to send professionals out at that finer scale to understand it.
But the transformation towards a sustainable future not
only includes a rapid response to
climate change — now more than ever we need systemic approaches that can bring integrated solutions with multiple benefits and reduced
costs, on
climate change as well as other areas
of sustainable development.
Joydeep Gupta, editor
of indiaclimatedialogue.net and a co-author on the report, said: «Given that India is ranked the second most vulnerable to the economic
costs of climate change,
only a strong global deal can generate the finance to avert disaster.
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.
Stern said that electricity from coal - fired power stations
only appeared cheaper because the
costs of air pollution and
climate change were not included.
Then Hurricane Harvey devastated parts
of Texas and Louisiana, highlighting not
only the connections between
climate change and hurricanes, but the
costs of inaction in the face
of mounting risks.
Reflecting the group's common position, he said, «Any delay in action on
climate change will
only add to our
costs and the requirement
of adaptation.
As Nicholas Stern - the UK economist who compiled the Stern Review
of the economics
of climate change in 2006 - noted in a paper last year that one
of the standard models used to calculate
costs produced
only a 50 per cent reduction in GDP if global temperatures rose 19 degrees.
IIED: Accurate
cost benefit analysis
of climate change adaptation actions is not
only critical in designing effective local - level adaptation strategies, but also for generating information that feeds into national and global
climate policy agreements.
For instance, if the the US not
only has economic interests in the
climate change policies in political debate but also obligations and duties to poor vulnerable nations to not cause them great harm from US ghg emissions, the United States may not justify failure to act to reduce its ghg emissions on the basis
of economic
cost to the US.
Ekwurzel said the paper is
only a first step for trying to sort out who is responsible for what as the
costs of climate change grow.
the Michigan Tech scientists focussed
only on deaths from air pollution linked to coal - burning power stations: they did not make a calculation about the economic
costs of chronic illness linked to polluted air, nor did they estimate the health
costs that might be linked to the entire coal industry, nor include the estimates
of deaths that might be attributed to
climate change as a consequence
of prodigal fossil fuel combustion.
On the vital question
of how to approach
climate change, the most influential economist is William Nordhaus whose explicit position is that we should decide to reduce greenhouse gas emissions
only if
cost - benefit analysis or an optimisation model concludes that the net benefits to humans are positive, where the relevant effects are essentially impacts on economic output (Nordhaus and Yang, 1996).
Importantly, the Michigan Tech scientists focussed
only on deaths from air pollution linked to coal - burning power stations: they did not make a calculation about the economic
costs of chronic illness linked to polluted air, nor did they estimate the health
costs that might be linked to the entire coal industry, nor include the estimates
of deaths that might be attributed to
climate change as a consequence
of prodigal fossil fuel combustion.
With the usual irrationnal resistance
of people towards any
change, most
of these unexpected things will be perceived as bad and dangerous However taking action with regard to a supposed qualitative impact
of some
climate variable on the final state afer a certain time would make sense
only if the specific
costs / inconvenients
of the action were near to 0 or if the time horizont was very short.
These cumulative additional emissions savings would not
only be a meaningful contribution toward a global effort to help limit some
of the worst consequences
of climate change; it can be done
cost - effectively.
These combine to give good reason to believe that not
only is our uncertainty about the
cost of climate change is very asymmetrically distributed, but that uncertainties about enormously catastrophic damage have fat tails, possibly fat enough to dominate any calculation
of expected value.
FThis cross-continent transport
of food makes economic sense
only because the true
costs of such transport, including the big bill for its contribution to
climate change, are not counted on the balance sheets
of food corporations.
The Current Reconsideration
of future vehicle MPG Standards must treat CO2 reduction as a
cost, not a benefit, so that
only consumer preferences matter, not
climate change issues.
Not
only do the economic
climate models need to predict policy shifts, population growth, and the pace and type
of climate changes to come — more droughts, more severe storms, higher temperatures in some places and lower in others, etc. — but they also try to quantify things such as agricultural and forestry losses, damage from catastrophic storms, utility
costs, savings from efficiency improvements, water shortages, and sometimes even the economic consequences
of refugee flows.
Omitted: The Bright Side
of Global Warming It seems the U.N. IPCC
only tabulates the benefits
of climate change when they are outweighed by the
costs.
In 2012 alone, the
cost of weather disasters exceeded $ 110 billion in the United States, and
climate change will
only increase the frequency and intensity
of these events.
The study's authors noted that the analysis did not take into account any positive contributions from avoiding the effects
of climate change —
only the legislation's
costs to the economy.
Interactions between
climate change and global economic growth: relevant stresses are linked not
only to impacts
of climate change on such things as resource supply and waste management but also to impacts
of climate change response policies, which could affect development paths by requiring higher
cost fuel choices (high confidence).