Tuesday, February 17, 2015

Cost of Blizzards

In case you missed it, there was an article today reporting the New England blizzards have cost the country between $1 and $2 billion so far this year. That is in addition to the $15-16 billion from last year. The winter weather in 2014 was responsible for lowering the U.S. GDP to -2.1% for the first quarter last year.

Climate change is leading to more severe weather, including more severe winter weather. It is interesting how we keep getting 100-year blizzards multiple times a year now when we didn't even a few decades ago. Clearly, something has changed. And, that change in regards to winter weather has cost the country over $16 billion in a little more than one year. That comes out to about $53 per person.

The cost of climate change just keeps piling up. There is more costs being revealed nearly every single day. And, there are those people who still want to pay instead of doing something about the problem.


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