Wednesday, October 17, 2007

It Costs Money Not To Address Climate Change

From today's EEI newsletter:

University of Maryland Study Assesses Economic Effect of Climate Change

The University of Maryland's Center for Integrative Environmental Research has released a study showing the economic impacts of climate change, the Washington Post reported. Wrote the newspaper: "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."
Washington Post , Oct. 17.

The costs of doing nothing, the costs of business as usual, are staggering.

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