The High Cost of Denying Climate Change

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Conservative politicians are paid well to deny climate change. They are paid well because there are costs associated with limiting the impact of climate change. This article suggests that the cost of denial exceeds the cost of dealing with climate change.

Global warming is only one of the problems caused by climate change. We are witnessing other costs today. Because we are trapping more energy within the earth's atmosphere, we will experience more weather extremes than we have in the past. The killer tornado's are one of those events. The number of tornado's detected, and the severity, is the highest on record in the US. Moreover, a combination of melting snow in the mountains and record rains is causing the MissIssippi river to reach flood levels never before recorded in US history.

While politicians take money from energy companies to deny climate change, the insurance industry has a real interest in understanding the issues. They will have to pay for the damage. Munich Re is a large re-insurer that insures the insurance companies against catastrophic loss. They recognize the problem and it will be reflected in insurance premiums.