Climate Change is Here. Pay Now, or Pay Later.
It’s worse than we thought. Droughts. Torrential rains. Wildfires. Floods. Heat waves. Super storms. Dying forests. Disruptive impacts across economic sectors, from agriculture to energy. That’s the bad news from the National Climate Assessment, a just-released report by a scientific panel overseen by the government and released by the White House. Climate change is big and it’s here, caused by an average warming of less than two degrees over most land areas of the country in the last 100 years. If greenhouse gases—carbon dioxide and methane—continue to rise, the warming could exceed 10 degrees by the end of this century. That’s the sobering context for new climate change regulation to be proposed in June. If we’re as smart, pragmatic, and “can do” a culture as we say we are, we’ll look at such regulation as a bottom line economic issue. The cost of not taking proactive steps will be astronomical.
John Howell, Editorial Director