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Between 2008 and 2012 $68B of taxpayers’ money has been used for climate change research.
Posted: 01 December 2017 10:23 AM   [ Ignore ]   [ # 16 ]
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CC, “Catastrophic climate change” is an alarmist term. Also known as “Runaway climate change”. Could you expand on and explain more about what you are talking about. And put some numbers on your claims. Mostly what I see you are doing is claiming mankind is responsible for what Mother Nature is doing. The way you have explained how CO2 works in the past, is that the CO2 gets into the air and stays there for centuries heating up the earth. We have reached the point where the CO2 levels are past the point of stopping the “runaway climate change”. So, what can mankind do? No problem, the scientists who gave us those numbers had an answer. Throw the numbers away and replace them with new numbers to keep the idea alive that all we have to do is, tax the Americans and send that money to these third world counties to fix climate change. Is this not correct?

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Posted: 01 December 2017 03:20 PM   [ Ignore ]   [ # 17 ]
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Yeah, it should have been used to kill more terrorists and innocent bystanders in Iraq and Afghanistan.

4 innocent bystanders per terrorist is acceptable.

/* sarcasm alert */

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Posted: 01 December 2017 06:26 PM   [ Ignore ]   [ # 18 ]
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MikeYohe - 01 December 2017 10:23 AM

CC, “Catastrophic climate change” is an alarmist term.

Oh so you still don’t realize that we are in an ALARMING situation.
How deep into the sand can you go?
Harvey or Maria weren’t catastrophic enough for you?  How horrific do you want it to get before you are impressed?

Incidentally,

Announcement: Moody’s: Climate change is forecast to heighten US exposure to economic loss placing short- and long-term credit pressure on US states and local governments
https://www.moodys.com/research/Moodys-Climate-change-is-forecast-to-heighten-US-exposure-to—PR_376056

Global Credit Research - 28 Nov 2017
New York, November 28, 2017—The growing effects of climate change, including climbing global temperatures, and rising sea levels, are forecast to have an increasing economic impact on US state and local issuers. This will be a growing negative credit factor for issuers without sufficient adaptation and mitigation strategies, Moody’s Investors Service says in a new report.

The report differentiates between climate trends, which are a longer-term shift in the climate over several decades, versus climate shock, defined as extreme weather events like natural disasters, floods, and droughts which are exacerbated by climate trends. Our credit analysis considers the effects of climate change when we believe a meaningful credit impact is highly likely to occur and not be mitigated by issuer actions, even if this is a number of years in the future.

Climate shocks or extreme weather events have sharp, immediate and observable impacts on an issuer’s infrastructure, economy and revenue base, and environment. As such, we factor these impacts into our analysis of an issuer’s economy, fiscal position and capital infrastructure, as well as management’s ability to marshal resources and implement strategies to drive recovery.

Extreme weather patterns exacerbated by changing climate trends include higher rates of coastal storm damage, more frequent droughts, and severe heat waves. These events can also cause economic challenges like smaller crop yields, infrastructure damage, higher energy demands, and escalated recovery costs.

“While we anticipate states and municipalities will adopt mitigation strategies for these events, costs to employ them could also become an ongoing credit challenge,” Michael Wertz, a Moody’s Vice President says. “Our analysis of economic strength and diversity, access to liquidity and levers to raise additional revenue are also key to our assessment of climate risks as is evaluating asset management and governance.”

One example of climate shock driving rating change was when Hurricane Katrina struck the City of New Orleans (A3 stable). In addition to widespread infrastructure damage, the city’s revenue declined significantly and a large percentage of its population permanently left New Orleans.

“US issuer resilience to extreme climate events is enhanced by a variety of local, state and federal tools to improve immediate response and long-term recovery from climate shocks,” Wertz says.

For issuers, the availability of state and federal resources is an important element that broadens the response capabilities of local governments and their ability to mitigate credit impacts. As well, all municipalities can benefit from the deployment of broader state and federal aid, particularly disaster aid from the Federal Emergency Management Agency (FEMA) to help with economic recovery.

Moody’s analysts weigh the impact of climate risks with states and municipalities’ preparedness and planning for these changes when we are analyzing credit ratings. Analysts for municipal issuers with higher exposure to climate risks will also focus on current and future mitigation steps and how these steps will impact the issuer’s overall profile when assigning ratings.

The report “Environmental Risks—Evaluating the impact of climate change on US state and local issuers,” is available to Moody’s subscribers at http://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBM_1071949.

https://www.moodys.com/sites/products/ProductAttachments/Climate_trends_infographic_moodys.pdf

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Posted: 02 December 2017 06:43 PM   [ Ignore ]   [ # 19 ]
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MikeYohe - 01 December 2017 10:23 AM

CC, “Catastrophic climate change” is an alarmist term.

Yes it is.

Some people are too dumb to figure out what is worth getting alarmed about.

This really can’t be a big deal.  Who cares if 3 billion people starve to death by 2070?

The problem is uncertainty about the future because some things are impossible to know.  We can only try to make the best possible extrapolations on the basis of what we do know.  We know most houses are not going to burn down this year or next year.  How many homes have fire insurance?

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