Sadly, over 400 people have lost their lives so far in the 2020 Atlantic hurricane season. FEMA has issued several Emergency Declarations and Major Disaster Declarations. An emergency declaration allows a local or state government to use resources to respond but does not implicate any federal spending. A major disaster declaration provides for individual and/or public assistance spending from the federal government with a cost-share obligation from the states/territories....
That doesn't even account for tornadoes.
November 30, 2020
By Dana Nuccitelle
By Dana Nuccitelle
...But others, (click here) like Nobel laureate and New York Times columnist Paul Krugman, make strong arguments that bold investments in infrastructure right now make perfect sense even in free-market economic terms. With interest rates low and private sector unemployment high, the market is signaling there are more than enough investor funds and skilled labor to supply the needed capital and workforce. These investments would boost employment while also making the U.S. energy supply less expensive, more efficient, and cleaner, which could help reduce other non-climate related social problems such as air and water pollution, poverty, and crime.
A growing body of economics research documents the tremendous cost savings associated with implementing climate solutions. But it’s critical to recognize that many climate impacts simply cannot be quantified in economic terms: It’s impossible, for instance, to place a dollar value on human suffering as a result of homes lost to floods or fires, or climate-caused famine, or the value lost in species extinctions and declining biodiversity. Yet these must also be taken into account when evaluating the relative costs of climate action and inaction. As renowned Ohio State University glaciologist Lonnie Thompson put it, “the longer we delay [climate solutions], the more unpleasant the adaptations and the greater the suffering will be.”...