The Club for Growth, a conservative a group that isn’t afraid to attack anyone who stray from radical free-market ideology, is running $250,000 worth of negative ads against the Lieberman-Warner Climate Security Act.
The group’s president, Pat Toomey, claims Lieberman-Warner would be “extremely destructive to economic growth.” (He must not have read the recent EPA study that found the bill “could be implemented without significantly harming the nation’s economic growth over the next two decades.”)
The Hill recently reported that conservative climate deniers have concluded the “argument against climate controls is easier when focused on the economic costs instead of science.” And it’s no surprise that the Club for Growth would take this line of argument—denying humanity’s impact on our atmosphere is so 1990s.
Don’t expect the fight to simmer down anytime soon. The economic “modeling wars” will continue as the Senate inches toward a vote on Lieberman-Warner.
But here’s what’s not up for debate–the catastrophic costs of doing nothing.
A new study from Tufts University only confirms this:
Doing nothing about global warming would cost the United States dearly for the rest of this century because of stronger hurricanes, higher energy and water costs, and rising seas that would swamp coastal areas…
The Tufts study found that by 2100, annual costs would be $422 billion in hurricane damage, $360 billion in real estate losses (with the biggest risk on the Atlantic and gulf coasts, particularly Florida), $141 billion in increased energy costs and $950 billion in water costs, especially in the West. …
That adds up to an annual loss by 2100 of 1.8% of gross domestic product, the sum of the nation’s output of goods and services.
And these calculations aren’t all-inclusive:
Frank Ackerman, an economist at Tufts and one of the study’s main authors, said the impact of climate change actually would be worse than what his numbers showed “because of the human lives and ecosystems that will be lost and species that will be driven into extinction — all these things transcend monetary values.”