Menzie Chen:
I wonder if any of those who argue better to adjust than to try to price carbon and were caught in those flight cancellations reconsidered there positions. That’s only partly facetious; I think climate change is going to impose substantial costs going forward, a lot more than just damage to sewer pipes and salt bills. [4]
These costs include power outages, estimated by CEA/DoE.
Figure from Economic Benefits of Increasing Electric Grid Resilience to Weather Outages (August 2013).
via econbrowser.com
Adaptation won't be all puppies and flowers.
