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The economic cost of climate change: time for new math

27 Jan 2015

By DELAVANE DIAZ.- Climate change is as much an economic problem as an environmental one. The effects of climate change, such as damage from more severe weather or health problems from higher temperatures, will impose a cost on society.

On the other hand, moving away from a fossil fuel-based energy system will require significant investments into low-carbon technologies. How does society determine which efforts are most cost-effective?


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    Related Topics:   Agriculture Energy Forestry Greenhouse Effect

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    International
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    Point of no return: a hellish ‘hothouse Earth’ getting closer, scientists say

    Fri 13 Feb 2026

    The world is closer than thought to a “point of no return” after which runaway global heating cannot be stopped, scientists have said.

    China’s CO2 emissions have now been ‘flat or falling’ for 21 months

    Fri 13 Feb 2026

    China’s carbon dioxide (CO2) emissions fell by 1% in the final quarter of 2025, likely securing a decline of 0.3% for the full year as a whole.

    European Central Bank's green supervision grows teeth, but will banks avoid being bitten?

    Fri 13 Feb 2026

    After several years of issuing guidance and repeatedly calling on banks to take climate and environmental risk management seriously, the European Central Bank is moving from guidance and expectations to enforcement.

    Polymers from earth can make cement more climate-friendly

    Fri 13 Feb 2026

    The way concrete is made today makes it a major contributor to climate change. The good news is that there are alternatives, and they are gaining attention.

    India will use more coal over the next 25 years, report says

    Fri 13 Feb 2026

    India's coal consumption could more than double by mid-century before plunging sharply as the country shifts toward cleaner energy, long‑term projections published by government think-tank NITI Aayog show.

    Downtown Minneapolis protests, 2026.

    Yes, climate still matters. Here's how it connects to every other crisis in the world today

    Fri 13 Feb 2026

    COMMENT: While yes, the details of this or that environmental policy might seem quite trivial in the face of the collapse of democracy all around us, these two things – the climate crisis and the democracy crisis – are deeply interconnected.

    Trump is wiping out all climate regulation. Big Oil may regret it.

    Thu 12 Feb 2026

    For decades, oil majors fought climate regulation. Now, they’re afraid Trump’s extreme rollbacks could leave them on the hook to pay for what they’ve done.

    EU to ban destruction of unsold clothes and shoes

    Thu 12 Feb 2026

    The European Commission has adopted new measures that will require medium and large companies to stop discarding unsold clothing and footwear, in the bloc’s latest move to target textile waste.

    A three-year heatwave bleached half the planet’s coral reefs

    Thu 12 Feb 2026

    More than half of the world’s coral reefs were bleached between 2014 and 2017 – a record-setting episode now being eclipsed by another series of devastating heatwaves.

    Why Trump might be onboard with a UN carbon-offset programme for airlines

    Thu 12 Feb 2026

    The president’s team has backed the rollout of an initiative that calls for the use of sustainable aviation fuel and carbon credits, even as Trump has pulled back from other international emissions-reduction efforts.

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