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Report Finds Major Economic Risks of Climate Change Missing from U.S. Government Assessment

Laurie Johnson

Posted March 13, 2014 in Curbing Pollution, Solving Global Warming, U.S. Law and Policy

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March 13, 2014— Economists agree—the American public can expect to pay trillions of dollars if global temperatures continue to rise. Personal bank accounts and government coffers will feel the strain of climate change-driven increased food prices, insurance premiums, emergency aid, and more. 

While the U.S. government has done scientifically sound work that begins to estimate those costs,  many consequences of a changing climate are absent from the government’s forecasts, according to a report released jointly today by Environmental Defense Fund (EDF), Institute for Policy Integrity at NYU School of Law (Policy Integrity), and Natural Resources Defense Council (NRDC). 

Omitted Damages: What’s Missing from the Social Cost of Carbon finds that wildfires, floods, extreme drought, and storm surges like those seen in Superstorm Sandy are effectively valued at $0.

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Comments

Shelley PowersMar 13 2014 09:44 AM

There's a typo in the URL for the study PDF within the main document.

Laurie JohnsonMar 13 2014 11:20 AM

Thanks Shelly, it should work now.

Comments are closed for this post.

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Switchboard is the staff blog of the Natural Resources Defense Council, the nation’s most effective environmental group. For more about our work, including in-depth policy documents, action alerts and ways you can contribute, visit NRDC.org.

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