Additional tourism, greatly expanded growing seasons, reduced infrastructure costs, and increased maritime shipping as the Arctic region's ice cover dwindles are a few of the factors that will contribute to that meteoric rise. The U.S. Department of Agriculture estimates that ACES would lead to very modest costs for the agricultural sector in the short term, but potentially significant net benefits over the medium to long term from the growing market for agricultural “offsets.” Instead of directly reducing their own emissions, industries subject to a cap on global warming emissions would pay farmers and ranchers to increase the amount of carbon stored in soils and vegetation, reduce methane emissions from animal waste, or reduce nitrous oxide emissions from fertilizer use. Such cuts in emissions will also reduce the amount of mercury and other heavy metals—by-products of coal-fired power plants—that enter our air, water, and food. Sea levels are rising, causing entire islands to disappear and coastal cities to flood. A warming climate would worsen these conditions, while lowering emissions can lessen their impact on low-income families. These effects occur directly, due to changes in temperature and precipitation and occurrence of heat waves, floods, droughts, and fires. Help protect workers from dangerous heat. And while agriculture in some parts of the country could benefit from warmer temperatures in the short run, eventually most areas would see costs. Canada. One study has estimated that, if emissions remain unchecked, losses related to just four areas—hurricane damages, energy costs, water costs, and residential costs stemming from sea-level rise—could equal 1.4 percent of GDP by 2025, and 1.9 percent of GDP by 2100. The costs of climate change for the economy and the society will be much higher than the costs of fighting climate change now. The US food system should be providing healthy, sustainable food for everyone. We are a 501(c)(3) nonprofit organization. Climate change mitigation yields multiple benefits – or ‘co-benefits’ – in addition to the reduction of greenhouse gas emissions. The Congressional Budget Office estimates that ACES would help households with income in the lowest fifth of the U.S. income distribution save $40 each year by 2020. We are a 501(c)(3) nonprofit organization. Unfortunately, though, many of these benefits are short-term and are greatly overshadowed by the negative impacts that climate change brings. I will post rebuttals to the articles that criticised this piece below. It also … By addressing global warming, we can also help farmers avoid the most severe consequences of climate change. Droughts are growing more common and lasting longer. Climate change poses significant risks to humans and the environment. These payments would equal about $1 billion per year from 2015 to 2020, and $15–$20 billion per year from 2040 to 2050. The election is over, but the crises are all still here. According to the EIA, for example, household energy costs would be less than $10 a month higher in 2020, or less than 33 cents a day, and the total discounted GDP losses from the 2012 to 2030 time period would amount to just 0.2 percent of GDP. We need Congress to enact strong legislation without delay. The future costs and benefits of climate change are uncertain and unevenly distributed. Similarly, India is planning to boost solar power from near zero to 20 gigawatts by 2020, part of an ambitious $19 billion, 30-year plan to increase the share of renewables in that country’s energy mix. Keith King/Traverse City Record-Eagle via AP, Pool, File, In this June 28, 2019, photo crews rebuild a stretch of the Lakewalk behind the Fitger's building in downtown Duluth, Mich. 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