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The Economics of Global Warming
from:Global warming can prove to be a costly occurrence. For many reasons, financial considerations have already been impacted. For anyone who looks to the wallet for an indicator of disaster, trouble can be seen in global warming.
The deadly and destructive storms that are now being seen have caused tremendous financial losses. Hurricane Katrina cost roughly 81 billion dollars in damage, and the actual rebuilding has barely even begun. Storms like Katrina have most likely been boosted to their extreme levels of force by warm ocean waters. These are caused by global warming.
Agriculture can be spoiled by global warming. Crops die during droughts brought on by global warming. Storms intensified by global warming can damage agricultural buildings and injure animals. Floods resulting from these storms can drown out crops before they can be harvested.
This all translates into lost revenues for both farmers and investors. It also means higher prices for consumers of agricultural products. Consumers already know what it is like to pay exorbitant prices for foods that have been damaged while in the fields. If global warming continues on its present course, this will be a common occurrence.
Gasoline prices have an effect on the economics of communities. When gas prices are high, people will patronize business establishments that are close to their homes. This hurts the chances of success for a business that is not in a heavily populated area. Global warming is directly affecting the economics of businesses in this way.
The family economics of global warming are undeniable, too. As the climate changes, more energy is needed to cool houses. Those extra degrees of heat in the atmosphere mean that families will have to set their thermostats higher, or pay a higher price.
Sometimes it is the poorer families that pay for global warming the most. For example, new cars are outfitted with a new kind of air conditioning system that uses environmentally friendly Freon. A poorer family might have an older car that does not have this type of system.
However, if their air conditioner needs Freon, they might have to pay several hundred dollars to have the new system put in to use the new Freon. This will help the cause of preventing global warming. At the same time, the family will be paying for the mistakes of the past.
In many regions, everyone pays for the energy mistakes of earlier times. Coal burning power plants are now being refitted to reduce emissions. This will have a big impact on preventing global warming. Yet, the economics of it show that people at the present time have to pay with higher utility bills to make this advantage come true.
There are thousands of ways that global warming is affecting the world's economy at this moment. People are paying for the harm global warming is doing. They are also paying for adjustments to their homes, cars, and city infrastructures to reduce global warming. With time, changes will be completed. If everyone helps, these costs should go down.
Hurricanes And Global Warming News
Bush Declares Emergency in Florida After Storm Fay Deluge - Bloomberg
 Washington Post | Bush Declares Emergency in Florida After Storm Fay Deluge Bloomberg - August may also be the wettest month ever in Melbourne, beating the 20.23 inches that fell there in September 1948, according to National Weather Service ... Ga. farmers rush to harvest crop before storm hits Fay Just Won't Go Away Farmers are hoping for stormy weather |
But no major effect expected on metro Atlanta - Atlanta Journal Constitution
 The Associated Press | But no major effect expected on metro Atlanta Atlanta Journal Constitution, USA - While heavy rain is forecast for the southern part of the state, forecasters at the National Weather Service do not expect Fay to have a major effect on the ... Mild weather on tap for Boulder County Rain-laden low pressure system to weaken but not completely go away Thursday's weather: Sunny and warm into the weekend |
Hazardous weather outlook issued for Greene County - News-Leader.com
Hazardous weather outlook issued for Greene County News-Leader.com, MO - The National Weather Service has issued a hazardous weather outlook for several portions of the Ozarks, including Greene County, for this afternoon and ... Weather heats up for DNC Weather service predicts possible thunderstorms San Angelo-area weather, 8/21 |
The Nation's Weather - The Associated Press
 Washington Post | The Nation's Weather The Associated Press - Tropical Storm Fay was expected to make landfall along Florida's northern Atlantic coast Thursday morning, bringing with it very heavy rain, ... The Subtleties of The Weather Fay to increase chances of rain The Nation's Weather |
NOAA launches maritime weather Web site - FCW.com
NOAA launches maritime weather Web site FCW.com, VA - The Southeast US Marine Weather portal grew out of a NOAA-funded project within the Southeast Coastal Ocean Observing Regional Association, ... |