Wondering How Much We Paid for This?
Warming's Costs to Top Its Benefits, Study Says
Washington Post Staff Writer Wednesday, October 17, 2007; Page A03
The costs of climate change to the United States will outweigh its benefits, according to a new University of Maryland study.
. . . "Economic costs of climate change will occur throughout the country," said Matthias Ruth, the study's lead author, in a conference call with reporters.
. . . Global warming will strain public budgets and raise the costs of cooling American homes, the authors write, and it will provide only temporary benefits to the mid-Atlantic's agricultural sector.
. . . The report was deliberately less broad than the Stern report the British government released a year ago, which estimated that failing to address climate change could lead to environmental problems that would cost 5 to 20 percent of the world's annual gross domestic product.
It would be really hard to get less…