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Report urges extreme weather superfund in wake of Sandy

2013-10-07 23:27:00| Climate Ark Climate Change & Global Warming Newsfeed

USA Today: Escalating costs from weather disasters like superstorm Sandy and the recent Colorado floods show the need for a new national disaster relief and preparation fund, paid for with new revenue including a levy on atmospheric carbon emissions, according to a new report by the New Jersey-based nonprofit group U.S. Strong. Sandy cost the American economy about $70 billion, with more than half of that in New Jersey, where uninsured losses and unmet needs are estimated to be between $8 billion and $13...

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