How Much Does Climate Change Cost? Try $1.5 Trillion (and Counting)

The Trump administration, and its allies in Congress, are fighting a losing war. They continue to press forward for the development of oil, gas, and coal when the rest of the world understands the implication of that folly. Global warming is the most pressing issue for our time. Period.

The thing is governments really have two choices when it comes to managing the impact on its people from global warming: spend money on trying to reduce the problem or spend money on cleaning up the catastrophes.

Firefighters clear debris from a mudslide in Los Angeles,
California on January 9, 2018. The deadly rain storm claimed
 the lives of 13 people in Santa Barbara County. Flash
flooding also occurred in the recently burned areas
of Ventura and Los Angeles counties.

The Trump administration is on the hook for the catastrophe. A report released Monday by The National Centers for Environmental Information pegged the total cost this year at $1.5 trillion, including estimates for Hurricanes Harvey, Irma, and Maria. (And that doesn’t even begin to count the human toll, lost lives, lost jobs, lost opportunity.)

I witnessed firsthand the impact of Hurricane Maria on the island of Dominica last month. We keep hearing stories about the power grid being down (similar to Puerto Rico) and you think, Why? It’s been months. Why aren’t the lights on? Then you see nearly every electrical pole on the island sideways. The entire grid needs to be rebuilt (or better, rethought) and that’s decades of infrastructure. So the figure of $1.5 trillion is far short of what will be needed. Nearly every electrical line, every other house, the damage was so widespread it’s impossible to overstate. And that’s just one island. Multiple the effect across the region. The planet.

Read Mark Trahant’s story on Yes! Magazine - “How Much Does Climate Change Cost? Try $1.5 Trillion (and Counting).”