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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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    Seven EU countries pressure European Commission to rethink 2035 diesel and petrol car ban

    Today 11:15am

    Pressure from EU countries, lawmakers and the automotive industry is likely pushing the European Commission to delay the revision of the bloc's ban on diesel and petrol cars by 2035.

    Shell subsidiary paid Queensland museum more than $10m to shape children’s climate education

    Today 11:15am

    The educational materials distort how fossil fuel pollution has caused the climate emergency, new report finds.

    Politicians in South-East Asia ignore climate change at their own political peril

    Today 11:15am

    Anger and frustration are growing in devastated communities, as governments botch their response to the climate crisis.

    Wildfires destroy 40 homes and kill a firefighter in Australia

    Today 11:15am

    There were 52 wildfires burning across New South Wales on Monday and nine remained out of control. A total of 20 homes had destroyed over the weekend in that state.

    Global race to secure critical minerals for weapons threatens climate, warns report

    Today 11:15am

    Study reveals US earmarked billions to stockpile critical minerals for military use, including precision-guided weaponry and AI-driven warfare.

    Depleted Tennessee farmland is now teeming with wildlife

    Today 11:15am

    Middle Fork Bottoms State Park demonstrates the benefits that flow when ecology is left to do what it does naturally.

    What Victoria auditor-general's report actually says about so-called 'transition chaos'

    Mon 8 Dec 2025

    Mainstream media loves a electricity blackout scare, but in the wake of this week’s report from the Victorian auditor-general on the state of the state’s transition to renewables, the headline hysteria hit new heights.

    Asia flood death toll surpasses 1,500 as calls grow to fight deforestation

    Mon 8 Dec 2025

    The death toll from last week’s catastrophic floods and landslides in parts of Asia surged past 1,500 Thursday as rescue teams raced to reach survivors isolated by the disaster with hundreds of people still unaccounted for across the region.

    Al Gore's case for optimism

    Mon 8 Dec 2025

    This year’s United Nations climate summit in Belém, Brazil had everything: A literal flood, a literal fire, a record-breaking 1,600+ fossil fuel lobbyists, and delegates from oil-producing nations working overtime.

    COP30: What now on food and agriculture?

    Mon 8 Dec 2025

    COMMENT: Building on the small wins from COP30 can bring us closer to a more resilient and sustainable food system.

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