Tuesday, June 24, 2014
How Global Warming Will Impact Different Sections Of The US
A report commissioned by a bipartisan group, including Treasury Secretaries going back to the Nixon Administration, painted a picture of the effects of global warming in the US. The picture is not pretty. The team that produced the report was asked to assess the cost of the damages. Economists typical do a cost benefit analysis that compares the cost of mitigation against the cost of future damages to the economy. The response to that request was spot on. It is not an economic question. We have to determine the kind of world that we want to leave to future generations. I don't think that many of us would want our children and grandchildren to live in that kind of world. They would certainly look back at us in anger.