Climate Cafe: Climate Change Conversations » economics http://www.climatecafe.org/blog Climate Change: A blog to inspire action on Climate Change Tue, 24 Aug 2010 03:04:40 +0000 http://wordpress.org/?v=2.8.5 en hourly 1 The Cost of Inaction on Climate Change . . . http://www.climatecafe.org/blog/2008/05/cost-of-inaction-on-climate-change/ http://www.climatecafe.org/blog/2008/05/cost-of-inaction-on-climate-change/#comments Mon, 26 May 2008 15:49:28 +0000 Todd Lucier http://www.climatecafe.org/blog/?p=27 Tufts study concludes that the economic impacts of Global Climate Change will be a lot more than the cost of taking action.  It says that by 2100, annual costs would be $422 billion in hurricane damage; $360 billion in real estate losses, with the biggest risk on the Atlantic and Gulf coasts, particularly Florida; $141 billion in increased energy costs; and $950 billion in water costs, especially in the West. (today’s dollars)

For the U.S. inaction on climate change adds up to an annual loss by 2100 of 1.8 percent of gross domestic product, or GDP, the sum of the nation’s output of goods and services.

Results are based on impacts of climate change described by the Nobel Prize-winning Intergovernmental Panel on Climate Change last year.

Read the whole story:

http://www.sacbee.com/378/story/961211.html

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