The cost of climate change... and this will likely increase...
"Every three weeks, the United States experiences an extreme weather event that produces $1 billion worth of damage, according to the latest US National Climate Assessment report, released earlier this month. Compare that to 40 years ago, when extreme weather episodes that cost an inflation-adjusted $1 billion happened once every four months on average.
As of November 8, there have been 25 weather and climate disasters with losses exceeding $1 billion, according to the National Oceanic and Atmospheric Administration. That exceeds last year’s count — even without data from the last two months of the year.
In total, extreme weather events cost the US $150 billion per year, due to direct impacts such as infrastructure damage, worker injuries and agricultural losses, the authors of the report estimate. And the cost of extreme weather events is expected to grow in the near term with a projected rise in sea levels and temperatures, the report states.
Included in this year’s tally are the devastating wildfires that took place in Hawaii over the summer. The damage from the wildfires, which took the lives of over 100 people and destroyed thousands of homes and businesses, cost $5.6 billion, according to an estimate from the National Centers for Environmental Information, a division of NOAA."
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So strange to see the singularity approaching while the entire planet is rapidly turning into a hellscape. -John Coates
-Dik