Climate change could cost billions a year by 2020

Climate change could cost billions a year by 2020

Find the article Here

Summary:

It turns out that Climate Change poses a economic risk to Canada as well, for a report created by "government-funded think-tanks" estimates that the cost of climate change could be $5 billion /year by 2020, and up to $43 billion /year by 2050, which is up to 1% of our GDP. This report also found that climate change could lead to additional deaths due to heat and air pollution  up to six deaths/100,000/year in the 2020s, and much worse in the future.The report says that the best way to limit increasing costs is by adapting."Global mitigation leading to a low climate change future reduces costs to Canada in the long term. [...] Canada would benefit environmentally and economically from a post-2012 international climate arrangement that systematically reduced emissions from all emitters " In order to solve this problem, the government must invest in research into the economics of climate change, and "work with universities and the private sector to get help with adapting to climate change". The article continues to state that this report is helpful, as it will help make Canadian more aware." this report is really clear about the fact that if we don’t act now and if we don’t […] lay out that initial investment now, we’re going to pay dearly – dearly – in the future, with our coastlines, with floods and fires, but also with health."The government's attempts to cut GHG emissions for for each sector is not working, yet it is shutting down plans that do work.

Analysis:

Unlike the article on climate changing affecting food, this article is nearly spot-on. It does a great job explaining the economic effects of climate change, but does not fail to mention that there are health effects as well. It also does a great job of explaining that climate change will have both immediate and immediate effects. I also agree with the fact that the release of this report is actually quite good. However I feel that the article could be somewhat clearer, as it could mean either that the public acknowledgement of economic effects will lead to more climate change research, or simply that these economic effects with lead to more climate change research.

 Payton, Laura. "Climate Change Could Cost Billions a Year by 2020." CBC, September 29, 2011. Accessed January 28, 2013. http://www.cbc.ca/news/politics/story/2011/09/29/pol-ntree-report-climate-change-costs.html.