October 19, 2007

Global warming is pretty damn expensive

According to a new study, the costs of global warming and climate change far outweigh the benefits.

The analysis, conducted by the university's Center for Integrative Environmental Research and funded in part by the advocacy group Environmental Defense, represents the first comprehensive economic analysis of global warming's impact on the nation in the years to come. But the study's authors declined to put an overall price tag on climate change's future impact, saying it is impossible to predict how it would affect the U.S. economy on a broad scale.

"Economic costs of climate change will occur throughout the country," said Matthias Ruth, the study's lead author, in a conference call with reporters. "We've connected the dots as far as the data would allow."

Global warming will strain public budgets and raise the costs of cooling American homes, the authors write, and it will provide only temporary benefits to the mid-Atlantic's agricultural sector. For example, a predicted rise in sea level would require Hawaii to spend nearly $2 billion on upgrading its drinking water and wastewater facilities over the next 20 years.

Posted by mcblogger at October 19, 2007 06:30 PM

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