How much more money will it cost when the oceans rise than making an effort now about Climate Change?

Answer 1

Nothing. The oceans are not about to rise anytime soon. You are being consumed by the hype.

Answer 2

We've been measuring the oceans rising for decades, centuries even, so have a very accurate record of what's been happening. Further back we can use a number of scientific methods to calculate historical levels.

The current rate of rise averages 3mm a year, more in some places. This is increasing abd by 2050 it's expected to be 5 or 6mm a year and 10 to 12mm by the end of the century. In all this adds up to about a 750mm rise this century.

I don't have any specific costs about the economic cost solely from rising oceans but it will certainly run into may billions. Sir Nicholas Stern the former Vice President and Chief Economist of the World Bank has calculated that the present cost of global warming is about 1% of worldwide GDP and that if global warming continues as it has been doing then within a century the figure will be 7% of GDP.

Putting a dollar value to this then the cost this year is in the order of $600 billion and is expected to rise to an annual cost of $4 trillion.

The cost associated with tackling climate change varies tremendously, the cheapest proposed scheme would cost about $1 billion, the most expensive and ambitious has a price tag of $452 trillion, most schemes come in at under $100 billion.

Answer 3

I have heard "the Cost of Global Warming" quoted as $7 trillion, $57 trillion and even $557 trillion. I am more inclined to believe the cost is somewhere between 7 & 57 trillion but it rises every day.

Take a city like New York, count the number of buildings in one block, then estimate the number of blocks in Manhattan, multiply that by the price of a high rise building (lets use $250 million for an average, thats a nice round number) So 28000 buildings would cost $7 trillion.

If I take a guess that there are 28,000 buildings in New York then the cost of rebuilding New York is about the same price as fixing Global Warming.

Answer 4

There is no guarantee that the oceans will rise or that they won't, this planet has a very long history that we are only just beginning to understand and a very real history of doing things in cycles for which mans contribution could well be accelerating...or not, one thing for sure, man is not helping by any stretch.
Until man gets thoroughly thumped on the head he will try to throw money at it, but in the end, hi ground will be the only solution for rising water levels, and that will require people to think a little harder about what they do and the effect it has on their neighbors because one thing for sure, your government will be no help then or now.

Answer 5

According to the best estimates, to stop Climate Change we would have to reduce carbon dioxide emissions world wide to less than one tenth of what they are today.

The only way that you could accomplish a reduction that large is to shut down the economies of all of the countries in the world.

This would create a great deal of poverty and misery world wide if you did anything like that.

You will not get the cooperation that you need voluntarily.

For example, recently I was invited to attend a meeting of officials from The People's Republic of China and officials and business people from The United States.

One of the officials from The United States brought up the need for The People's Republic of China to reduce its carbon dioxide emissions to help stop Global Warming.

The officials from The People's Republic of China were very offended and stated very clearly that they had no intention of voluntarily reducing their carbon dioxide emissions and in fact the official stated emphatically the The People's Republic plans to increase its use of fossil fuels and the consequent emissions of carbon dioxide by a large amount.

The People's Republic of China on its own emits more than enough carbon dioxide to cause Global Warming and Climate Change.

You would have to go to war with The People's Republic of China to get a reduction in fossil fuel use and carbon dioxide emissions large enough to stop Global Warming.

The cure to Global Warming is far worse than the disease. I think that it would be absolutely ridiculous to go to war with The People's Republic of China over an issue such as Global Warming and Climate Change.

Essentially we cannot stop Global Warming and Climate Change by the use of means that we would consider acceptable in a civilized society.

That leaves us with the remaining option of mitigating the effects of Global Warming and Climate Change.

The sea levels will rise. Fortunately the coastal areas can be protected from flooding by the use of dike systems similar to those in use in Holland to hold back the sea.

Hurricanes will become stronger and more. frequent. We will need to help the poor countries that are affected upgrade their disaster preparedness programs for hurricanes.

Droughts will become more frequent. We will need to help with supplemental water supplies and desalination plants.

We cannot stop Global Warming and Climate Change but we can mitigate the effects at reasonable cost if we start now.

Answer 6

That depends on how much they rise. If the Greenland Ice Sheet melts and sea levels rise 23 feet, an incalculably huge amount.

Answer 7

Billions more. We can afford to slow it down enough so that the flooding is only minor and manageable. But if it hits full force the cost will drive the world into a Depression that will make the 1930s look like good times. Details:

http://www.reuters.com/article/scienceNews/idUSL052735320070407
http://www.ipcc.ch/SPM6avr07.pdf

Here's the (affordable) plan to reduce it:

http://www.spiegel.de/international/world/0,1518,481085,00.html
http://www.ipcc.ch/SPM040507.pdf

Answer 8

I don't know, lets wait and find out, if I am wrong, we will get lots of new ocean front property, if you are, and you are, nothing.

Answer 9

The oceans arent going to rise. There is no global warming that is caused by man; and nothing we can do to stop it.
The climate is cyclical and the temps will eventually start to trend lower...just like has happened for millions of years.

Wake up! Stop drinking the kool-aid of the manipulated masses.

Answer 10

The plus side, I would be closer to the beach.

Surfs up!