Climate Change This Week: Tornado Tutorial, Chinese Carbon Caps, and More
Water Shortages Drying Up Economic Growth in China , reports Leslie Hook at the Financial Times .
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#1 May 27, 2013
Who'se paying the price of climate change (from AGW). Guess what? It isn't the insurance companies (who just charge more for premiums). It is the PUBLIC that pays.
" We spent nearly $100 billion in 2012 on drought-related crop insurance, storms like Hurricane Sandy, floods and wildfires. By comparison the nation spent $95 billion on education last year and just $91 billion on transportation."
"Greenhouse gas pollution shows no signs of slowing, recently touching 400 parts-per-million. And as that number continues to rise, so will the price."
Note that a carbon surcharge, rebated to the consumer to put a 'price ON carbon) would have much LESS impact than what we pay now, much less the FUTURE costs.
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