lpetrich
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Opinion | How Scientists Got Climate Change So Wrong - The New York Times
Opinion | Climate Change Will Cost Us Even More Than We Think - The New York Times
Few thought it would arrive so quickly. Now we’re facing consequences once viewed as fringe scenarios.
For decades, most scientists saw climate change as a distant prospect. We now know that thinking was wrong. This summer, for instance, a heat wave in Europe penetrated the Arctic, pushing temperatures into the 80s across much of the Far North and, according to the Belgian climate scientist Xavier Fettweis, melting some 40 billion tons of Greenland’s ice sheet.
Had a scientist in the early 1990s suggested that within 25 years a single heat wave would measurably raise sea levels, at an estimated two one-hundredths of an inch, bake the Arctic and produce Sahara-like temperatures in Paris and Berlin, the prediction would have been dismissed as alarmist. But many worst-case scenarios from that time are now realities.
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So far, the costs of underestimation have been enormous. New York City’s subway system did not flood in its first 108 years, but Hurricane Sandy’s 2012 storm surge caused nearly $5 billion in water damage, much of which is still not repaired. In 2017, Hurricane Harvey gave Houston and the surrounding region a $125 billion lesson about the costs of misjudging the potential for floods.
Opinion | Climate Change Will Cost Us Even More Than We Think - The New York Times
One problem is lack of experience with similar conditions. Another problem is difficult-to-quantify variables, like biodiversity. Another is cascading effects.Economists greatly underestimate the price tag on harsher weather and higher seas. Why is that?
For some time now it has been clear that the effects of climate change are appearing faster than scientists anticipated. Now it turns out that there is another form of underestimation as bad or worse than the scientific one: the underestimating by economists of the costs.
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One reason is obvious: Since climate scientists have been underestimating the rate of climate change and the severity of its effects, then economists will necessarily underestimate their costs.