Failing to Curb Global Warming Could Cost the Nation Hundreds of Billions by the End of the Century, New Report Finds

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Unchecked climate change could saddle taxpayers, businesses, and state and local governments across the country with hundreds of billions of dollars in damages, according to a new report released today by the Union of Concerned Scientists (UCS). The report, "Climate Change in the United States: The Prohibitive Costs of Inaction," is an overview of more than 60 studies analyzing the potential financial toll of global warming if we fail to dramatically curb emissions. The costs are largely due to rising sea levels, more intense hurricanes, flooding, declining public health, strained energy and water resources, and impaired transportation infrastructure. http://www.ucsusa.org/news/press_release/failing-to-curb-global-0275.html

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We could (an estimate based

We could (an estimate based on?) pay hundreds of billions by the end of the century, if you are to believe the validity report, or pay hundreds of billions in Climate Debt immediately as demanded by "developing" countries at Copenhagen. The latter seems to amount to a transfer of wealth, or extortion.