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New Report Predicts Climate Change Could Cost U.S. $360 Billion Per Year
Extreme weather and public health issues related to burning fossil fuels could cost the U.S. up to $360 billion annually--nearly half of annual U.S. economic growth--within the next ten years, according to a new report.
The report from the non-profit Universal Ecological Fund found that the impacts of wildfires, hurricanes, heat waves and other extreme weather amplified by climate change, combined with air pollution, cost the U.S. $240 billion per year since 2007.
The report comes as the U.S. tallies up the price tag for Hurricanes Harvey, Irma and Maria, which are estimated to cost $300 billion in damages, or twice the cost of all hurricane damages within the past decade.
As reported by Reuters:
"Wednesday's study has been in the works for months, said co-author James McCarthy, professor of Oceanography at Harvard University. He said there was widening evidence that a shift from fossil fuels made economic sense.
'Why is Iowa, why is Oklahoma, why is Kansas, why is Texas investing in wind energy? Not because they are interested in sea level rise or ocean temperatures, but because it's economically sensible,' he told Reuters."
For a deeper dive:
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It's become a familiar story with the Trump administration: Scientists write a report that shows the administration's policies will cause environmental damage, then the administration buries the report and fires the scientists.
By Jake Johnson
Calling the global climate crisis both the greatest threat facing the U.S. and the greatest opportunity for transformative change, Sen. Bernie Sanders unveiled today a comprehensive Green New Deal proposal that would transition the U.S. economy to 100 percent renewable energy and create 20 million well-paying union jobs over a decade.
The Parties to CITES agreed to list giraffes on Appendix II of the Convention on International Trade in Endangered Species (CITES) today at the World Wildlife Conference or CoP18 in Geneva. Such protections will ensure that all giraffe parts trade were legally acquired and not sourced from the poached giraffes trade and will require countries to make non-detriment findings before allowing giraffe exports. The listing will also enable the collection of international trade data for giraffes that might justify greater protections at both CITES and other venues in the future.
The WHO stressed that more research is needed on the potential health risks of microplastic ingestion. luchschen / iStock / Getty Images Plus
The UN's health agency on Thursday said that microplastics contained in drinking water posed a "low" risk at their current levels.
However, the World Health Organization (WHO) — in its first report on the potential health risks of microplastic ingestion — also stressed more research was needed to reassure consumers.