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Costs Of Global Warming
On The Rise

By Stephen Leahy
Wired News
6-19-4
 
Climate change is a fact, so the question of what to do about it boils down to this: Pay some now or pay a lot more later.
 
Scientists at two special briefings this week warned that the effects of global warming go beyond the environment and dip into everyone's pocketbook, but the extent of the economic damage will be determined by when action is taken.
 
The Arctic sea ice loss since 1979 is greater than the land area of Texas, California and Maryland combined, and sea levels have risen between 4 and 8 inches, said Michael Oppenheimer of Princeton University, one of the scientists who participated at a briefing organized by the American Association for the Advancement of Science.
 
Sea levels could rise another 40 inches before 2100, according to the International Panel on Climate Change, pushing high-water marks 300 feet inland and flooding Florida, Bangladesh and even most of Manhattan, Oppenheimer said in an interview.
 
However, that scenario assumes the enormous ice sheets in Greenland and Antarctica stay put. If the Greenland and Western Antarctica ice sheets were to melt, sea levels would rise over 40 feet, he said.
 
"That could take hundreds of years, but the processes involved may be accelerating."
 
Providing those ice sheets don't melt and global warming doesn't accelerate, the United States could largely cope, said William Easterling of Pennsylvania State University, who spoke at a separate briefing held by the Pew Center on Global Climate Change.
 
"It won't be easy or cheap, but we have to start adapting now," he said in an interview.
 
Reacting to global warming will be even more expensive than anticipating what's likely to happen and making adjustments to infrastructure and policy, according to Easterling's report, "Coping with Global Climate Change."
 
Municipalities have to begin to take climate change into account in their planning, especially those on the coast, said Eileen Claussen, president of the Pew Center. "Storm surges are going to be much more damaging in the future, and that's going to cost everyone in terms of higher insurance rates, building seawalls and disaster relief, to name only a few," Claussen said in an interview.
 
"If we wait, the costs will be unbelievable."
 
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