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Climate change costs a lot more than recognised

Most estimates ignore the sociopolitical repercussions

Mark Buchanan | Bloomberg 

The latest US government report on climate change illustrates how expensive the phenomenon can be: It estimates that more frequent flooding, more violent hurricanes and more intense wildfires, among other things, have cost the country $1.1 trillion since 1980. What’s particularly striking, though, is how much the report and others like it are still missing. For two decades, researchers have been working hard to figure out the potential monetary consequences of climate change. They typically look at things that are relatively easy to measure such as flood damage from more ...

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First Published: Wed, November 08 2017. 21:42 IST