Opinion: Climate change costs a lot more than we recognize

New Jersey Environment News, climate change, Seaside, Jersey Shore

MARK BUCHANAN / BLOOMBERG – The latest U.S. 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 intense rainfall, real estate losses along coastlines and reduced economic growth …

Mark Buchanan is a physicist and science writer.

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