costs of climate change


Photo: NASA

California’s Wildfire Costs are Just the Tip of the Iceberg

, Energy analyst

As California’s electric utilities grapple with the aftermath of record-breaking wildfires, the potential impact on customer bills is starting to come into focus. While it is still unclear who will end up paying for wildfire damages, one thing is clear: extreme wildfires are here to stay, and they will likely keep getting worse. With climate change increasing not only the risk of wildfires, but also threatening many other economic and human health impacts, the costs of preventing extreme climate change pale in comparison to the costs of inaction. Read more >

Photo: NASA
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The Social Cost of Carbon: Setting the Record Straight Ahead of Today’s House Hearing

, Policy Director and Lead Economist, Climate & Energy

The Obama administration has recently updated the official U.S. social cost of carbon (SCC), which attempts to estimate the costs of damage from carbon pollution. It’s one important way to show the value of cutting our global warming emissions. We’ll need to keep improving the SCC estimate to ensure it reflects the latest science and economics. We also have to ensure a more transparent process for updating and using this critical number going forward. But today’s House hearing on the SCC is simply a sideshow aimed at undermining climate action, not likely to focus on issues of substance. Read more >

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