Climate change could cost U.S. 'hundreds of billions' a year, report warns

Gwen Vasquez
November 26, 2018

The Trump administration is downplaying the significance of a report issued Friday that included dire predictions about the impact of climate change in the U.S. The White House said the study was largely based on "the most extreme scenario" and doesn't account for new technology and other innovations that could diminish carbon emissions and the effects of climate change.

CBS News reported that the National Oceanic and Atmospheric Administration was orginally expected to release the report on December, and announced ahead of the Thanksgiving holiday it was bringing forward the release date to Friday.

It warns of more, stronger and longer disasters triggered at least in part by global warming.

The climate report was highlighted prominently on the home page of both the New York Times and the Washington Post from its release Friday until at least Saturday morning. "Because Trump's actions are actively making it worse", he wrote, referring to climate change. It's a lot like an event the United States arranged during last year's climate conference in Bonn, Germany that Michael Bloomberg (the former NY mayor and now UN Special Envoy for Climate Action) described as "promoting tobacco at a cancer summit".

Climate change is already hurting the global economy and will cost the United States hundreds of billions of dollars annually by century's end unless drastic action is taken to cut carbon emissions, a major U.S. government report warned on Friday.

Study co-author Andrew Light, an global policy expert at the World Resources Institute, told The Associated Press that releasing the report on Black Friday 'is a transparent attempt by the Trump Administration to bury this report and continue the campaign of not only denying but suppressing the best of climate science'.

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Gore was not the only critic questioning the timing of the release. And coastal flooding is projected to force communities to move elsewhere.

During a press conference Friday, officials behind the report declined to answer questions about the timing of its release and why it contradicts public statements from Trump.

He had tweeted about record cold temperatures over Thanksgiving, adding, 'Whatever happened to Global Warming?' Volume I of the assessment, which concluded that it was "extremely likely" that climate change has been caused by humans, was released last November.

Friday's report seemed to anticipate such comments, saying: "Over shorter timescales and smaller geographic regions, the influence of natural variability can be larger than the influence of human activity".

Scientists pointed out for the president - again - that weather is not the same as climate.

Several haters argued that Trump talking about weather did amount to a discussion on climate, but the temperature on a single day, even when observed over time, can not be compared to global warming.

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