Friday, July 25, 2008

Costs of climate change estimated state by state -- will be many billions of $

University of Maryland News Desk: Climate change will carry a price tag of billions of dollars for a number of U.S. states, says a new series of reports from the University of Maryland's Center for Integrative Environmental Research (CIER). The researchers conclude that the costs have already begun to accrue and are likely to endure.

Combining existing data with new analysis, the eight studies project the long term economic impact of climate change on Colorado, Georgia, Kansas, Illinois, Michigan, Nevada, New Jersey and Ohio. Studies on additional states are in the works.

"We don't have a crystal ball and can't predict specific bottom lines, but the trend is very clear for these eight states and the nation as a whole: climate change will cost billions in the long run and the bottom line will be red," says Matthias Ruth, who coordinated the research and directs the Center for Integrative Environmental Research at the University of Maryland. "Inaction or delayed action will make the ink run redder."

…"These new state snapshots can help underscore the extent of damage already experienced in various parts of the country," Ruth adds. "We hope the data and the trends can help state and local policy-makers plan for additional changes ahead."

The eight new studies are being released today at the legislative summit of the National Conference of State Legislators (NCSL) convening in New Orleans. The NCSL collaborated with CIER to develop summaries for the thousands of officials participating in the convention.

[The report can be found at:] http://www.ncsl.org/summit/index.htm


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