CLIMATE UPDATE: The Costs of Climate Change

Credit: Lucas Jackson/Reuters, John G Mabanglo/EPA, and John Locher/Associated Press

Last week, we gave a #ClimateUpdate on the Fourth National Climate Assessment (NCA) that you can read through here. This week, we’re taking a deep-dive into the economics of climate change, from the societal costs discussed in the NCA to the role of businesses.

Here’s your CLIMATE UPDATE on the costs of climate change:

Here’s How Much Climate Change Could Cost the U.S. [Scientific American]

This article gets straight to the point:

“Warming could exact a major economic toll, but reducing emissions and adapting to changes can alleviate those costs.”

To help illustrate these costs, the article goes back to the Environmental Protection Agency analysis that the recent NCA report drew from. The top three sectors that will experience major economic costs in 2090: Labor, extreme temperature mortality and coastal property.

A dire warning shows the economic costs of climate change [MetroFocus]

In an interview with our partners at MetroFocus, New York Executive Director from the Nature Conservancy Bill Ulfelder discusses the huge economic costs described in the NCA report as well as his top three pieces of advice for addressing climate change at an individual level.

Ulfelder encourages us to “recognize that the outcomes here are not inevitable; every choice we make can reduce…the effects.”

3 Sustainable Companies That Could Benefit From Climate Change [The Motley Fool]

When hurricanes and floods ravage the community, who do we count on to be able to get to work the next day? Unsurprisingly, the three companies that are getting a financial boost from climate change and extreme weather events are “the three largest trash haulers and landfill operators in North America.”

However, even as these companies benefit from the disastrous effects of climate change, they want to be part of the solution.

Will Big Oil Have To Pay Up Like Big Tobacco? [Hot Mess]

Now that we’ve established the costs of climate change, who is supposed to pay for it? Back in the day, tobacco companies were set to court and sued for misleading consumers about the health risks of smoking. But is it fair to sue specific oil companies when we’ve all benefited from what oil and coal has made possible? Our partners at Hot Mess break down this complicated question.