Price tag on climate change should spur Trump to take action

By

Opinion

November 27, 2018 - 9:14 AM

Because President Trump is so keen on anything concerning money, the one thing that may grab his attention in the recent report on climate change is its $500 billion price tag.

If we don’t take action to better protect the planet, the U.S. economy is predicted to shrink by 10 percent by century’s end, due in part to a crippling loss in labor, energy and crop production.

An increase in cataclysmic weather events such as hurricanes, wildfires and flooding is expected to result in $32 billion in annual costs in repairs to our nation’s roadways and bridges. Rising sea levels due to the melting of the polar ice caps are expected to cost $118 billion to address flooded coastlines and the infiltration of saltwater into fresh-water reservoirs. Midwest farmers, no strangers to challenge, can expect rising temperatures, drought and wildfires on one end of the spectrum offset by heavy downpours and flooding on the other. Economic sectors such as energy and agriculture can expect to experience losses twice as bad as those of the Great Recession of 2008.

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