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How Climate Change Costs Could Soar to the Billions

2014-09-21 12:15:00| Climate Ark Climate Change & Global Warming Newsfeed

Fiscal Times: Unabated global warming will have huge budget and economic consequences for the U.S., potentially draining state and federal coffers of hundreds of billions of dollars in the coming years. That was the dismal warning from White House Budget Director Shaun Donovan on Friday in advance of President Obamas participation this week at the United Nations Climate Summit. The new Office of Management and Budget director offered a sobering fiscal scenario for the country as rising temperatures foster...

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