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Global Warming Could Claim $100 Billion Worth Of California Real Estate | Add Comment

    • Climate Change 3/17/2009
    Combating climate change may not be a question of who will carry the burden but could instead be a rush for the benefits, according to new economic modeling presented at “Climate Change: Global Risks, Challenges & Decisions” hosted by the University of Copenhagen. Contrary to current cost models for lowering greenhouse gas emissions and fighting climate change, a group of researchers from the University of Cambridge conclude that even very stringent reductions of can create a macroeconomic benefit, if governments go about it the right way. “Where many current calculations get it wrong is in the assumption that more stringent measures will necessarily raise the overall cost, especially when there is substantial unemployment and underuse of capacity as there is today”, explains Terry Barker, Director of Cambridge Centre for Climate Change Mitigation Research (4CMR), Department of Land Economy, University of Cambridge and a member of the Scientific Steering Committee of the Congress.

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      • Global Warming WILL claim... 3/19/2009
      The only problem I find with the article is the conditional "could" in the article title. That atmosphere has been seeded with too much CO2, and we continue to add to it. In politics-and we all live and operate under its dark shadow-this always get worse. The bad predictions, which are probably already shaded in favor of less of a problem, are "redacted". Ice in glaciers all over the world is melting at an unprecedented rate. Far beyond expectations. Now we know the "ice sheets" are doing the same. It is now also understood that climate change has happened very rapidly at times in the past. Pronounced changes within decades. When-not if-all the ice at the poles melts and the ice in Greenland melts, the seas will rise at least 70 meters. Long before that, a rise of a meter or less will cause widespread societal disorder. History shows us we have a societal system that has not been able to handle that, and we will not be able to handle it in the future. Because we have a societal system that requires its victims-Homo sapiens-to take actions in life that are inconsistent with the laws of nature under which we evolved as a thinking specie. We must work toward a rational and durable societal system that is consistent with the laws of nature. It will be a close race to see what is the proximate cause of Homo sapiens becoming non-viable as a specie: Our societal system or the effects of global warming. Time is running out to understand and correct our societal problems...

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