Apathy equals atrocity?
The United States could be in for environmental and financial devastation if something isn’t done to curb global warming, a new study says.
Economists at Tufts University have concluded that it would be significantly less expensive to take the steps to reduce greenhouse-gas emissions than to deal with its effects, including natural disasters and rising energy and water costs, reported Bloomberg.
Released last week, the Tufts study for the Natural Resources Defense Council broke down the annual costs by 2100 as follows: massive hurricane damage, $422 billion; real estate losses, $360 billion; increased energy costs, $141 billion; water costs, $850 billion.
Altogether, by today’s dollar value, the total cost would reportedly reach $1.9 trillion a year by the end of this century.