The cost of climate change is being paid by the wrong people

By | August 3, 2019

Henry Farrell writes:

Last week, CNN announced plans to host a climate crisis town hall with the Democratic presidential candidates on September 4. MSNBC scheduled a multiday climate change forum with the presidential hopefuls later that month.

In both venues, some version of the perpetual question will undoubtedly be raised: “How will you pay for the costs of dealing with climate change?”

Despite its pervasiveness, this is a profoundly wrongheaded line of inquiry. Asking how to pay for the impact of climate change implies that these costs are a matter of choice. The reality is that global warming will impose massive costs, regardless of whether policymakers respond or not. Thus, the real question is not “How would you propose to pay?” but instead “Who is going to pay?” and “How much?”

People are already paying for climate change with their lives. Rising temperatures are killing more than 150,000 people every year. This death toll is estimated to increase to 1.5 million people annually by the turn of the century. Some are confronting the likelihood of failed crops; others have been forced to flee floodplains.

Those currently paying for the effects of climate change are the most vulnerable—people in the developing world, the poor, the sick, the elderly, and the very young. [Continue reading…]

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