This illustrates the complicated secondary economic impacts that a changing climate has beyond rising damage costs to properties and businesses from increasingly frequent floods and storms, as bad as this is.
They worked out that this would increase climate impacts such as flooding, sea level rise, damage to agriculture and human health to the tune of $60 trillion.
Branson says he's seen the effects of climate change around the world, even at his home: "On our island in the Caribbean, you can see signs of sea levels rising and damage to the reefs, so we get a taste of it".
Closing a breaker on a larger SPA can give rise to damage to system equipment, and can even provoke the recurrence of system outage.
Rising sea levels, damage to drinking-water supplies and heatwaves would each account for 10%.
These hazards give rise to extensive damage to property and loss of lives every year.
Businesses in the Gulf Coast state are now investing in efforts to limit costly damage from storm surges and rising seas, damage expected to become more expensive as the state remains poised to become one of the worst economic losers from global climate change.
The report cites estimates by Munich Re, a German reinsurance company, that the cost of more frequent tropical cyclones, rising sea levels and damage to farming and fishing could eventually exceed $300 billion a year.
Though they put greater emphasis on the health effects, the E.P.A.'s scientists came to much the same conclusions: that concentrations of greenhouse gases had reached unprecedented levels and had already contributed to increased drought, more frequent and intense heat waves, rising sea levels and damage to water resources, food supplies and ecosystems.
The everyday increasing energy consumption is forcing the exploration of alternative energy strategies to fulfil the currently rising requirements without further damage to the environment [1, 2].
