01 Jul '11, 5pm

Severe weather costs us $485 billion per year

According to estimates from the National Center for Atmospheric Research, the baseline cost of extreme weather (which has always been with us, but which is steadily getting worse due to climate change) in the United States is $485 billion a year -- 3.4 percent of the country's GDP. This is a complicated number -- it includes not only immediate costs from weather destruction, but also lost crops, power outages, resource usage, retail demand changes, and other indirect effects. Plus, it takes into account the fact that severe weather can be a boon for some industries (snow for ski resorts, for instance, or droughts for outdoor construction). Add it all up, and you get a chunk of change equivalent to a third of the U.S. budget deficit. Just for perspective, House Republicans put a stop to the composting program in Congressional cafeterias, citing budget reasons, because it co...

Full article: http://www.grist.org/list/2011-07-01-severe-weather-costs...

Tweets

Solar PV Balance-of-System Costs to Surpass Modules by 2012, According to GTM Research

Solar PV Balance-of-System Costs to Surpass Mod...

greentechmedia.com 30 Jun '11, 4pm

Read the full press release here. As solar PV module prices continue to decline globally, balance-of-system (BOS) componen...

It's hot out there. From the Horn of Africa, to Texas, to New Mexico extreme weather & climate taking its toll

It's hot out there. From the Horn of Africa, to...

treehugger.com 01 Jul '11, 12pm

New Mexico fires, photo: John Fowler /Creative Commons Three extreme weather stories to take you into the long holiday wee...

If Renewable Costs Are Down, Why the Financial ...

renewableenergyworld.com 30 Jun '11, 1pm

Though there is financial investment uncertainty, one thing is certain: costs for solar and wind have dropped dramatically...

GrowSmartBusiness: How Can You Keep Health Insurance Costs Down? #li

GrowSmartBusiness: How Can You Keep Health Insu...

networksolutions.com 01 Jul '11, 11am

One reason medical costs increased at a relatively low rate in 2011 and 2010 was because so many Americans were out of wor...

Oklahoma Sen. Inhofe skips climate denier conference. Maybe it's heat stroke?

Oklahoma Sen. Inhofe skips climate denier confe...

grist.org 30 Jun '11, 6pm

You may recall last year that Oklahoma Sen. Jim Inhofe's grandchildren built an igloo to mock a killer snowstorm, calling ...

If Renewable Costs Are Down, Why the Financial ...

renewableenergyworld.com 30 Jun '11, 1pm

Though there is financial investment uncertainty, one thing is certain: costs for solar and wind have dropped dramatically...

DOE Offers $4.5 Billion in Guarantees for 3 Fir...

sustainablebusiness.com 01 Jul '11, 1pm

The US Department of energy is offering conditional commitments for loan guarantees of approximately $4.5 billion to suppo...