The Billion Dollar Costs of Climate Change

While politicians and contributors to countless internet forums argue the validity of climate change, detailed analysis continues to provide practical data that are being taken seriously at all levels of government around the globe.

In Canada, a groundbreaking report issued in fall 2011 warns not just of the environmental impacts of climate change but perhaps more significantly, the economic implications involved.
The report by the National Roundtable on the Environment and the Economy (NRT), estimates that within a few short years the cost of dealing with the effects of climate change in Canada will be in the region of $5 billion a year.

And that’s just the tip of the iceberg, melting or otherwise. With costs forecast to rise sharply to a staggering $43 billion by the middle of the century, the report states “Climate change will be expensive for Canada and Canadians”. Read More...

Tags: Canada, Environmental monitoring