{"id":1361,"date":"2020-12-16T12:10:12","date_gmt":"2020-12-16T17:10:12","guid":{"rendered":"http:\/\/blogs.edf.org\/markets\/?p=1361"},"modified":"2020-12-16T15:08:08","modified_gmt":"2020-12-16T20:08:08","slug":"costs-of-climate-change-are-rising-new-research-shows-how-local-communities-could-be-strained-in-the-near-term","status":"publish","type":"post","link":"https:\/\/blogs.edf.org\/markets\/2020\/12\/16\/costs-of-climate-change-are-rising-new-research-shows-how-local-communities-could-be-strained-in-the-near-term\/","title":{"rendered":"Costs of climate change are rising: New research shows how local communities could be strained in the near-term"},"content":{"rendered":"<p><em>This blog post was co-authored with <a href=\"https:\/\/www.edf.org\/people\/ana-katrina-donaldson\">Nina Donaldson<\/a><\/em><\/p>\n<p><a href=\"https:\/\/blogs.edf.org\/markets\/wp-content\/blogs.dir\/32\/files\/2020\/12\/COI-image.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-1363\" src=\"https:\/\/blogs.edf.org\/markets\/wp-content\/blogs.dir\/32\/files\/2020\/12\/COI-image.jpg\" alt=\"\" width=\"670\" height=\"300\" srcset=\"https:\/\/blogs.edf.org\/markets\/wp-content\/blogs.dir\/32\/files\/2020\/12\/COI-image.jpg 670w, https:\/\/blogs.edf.org\/markets\/wp-content\/blogs.dir\/32\/files\/2020\/12\/COI-image-300x134.jpg 300w\" sizes=\"auto, (max-width: 670px) 100vw, 670px\" \/><\/a><\/p>\n<p>Much of the existing research on climate change impacts focuses on end-of-century projections across nations, but this misses the very real costs that everyday Americans are already facing daily and will continue to face in the months and years ahead. Case in point today: While most Americans believe that climate change currently affects the U.S., only about a third of the adult population believes that local effects of climate change <a href=\"https:\/\/www.pewresearch.org\/science\/2018\/05\/14\/majorities-see-government-efforts-to-protect-the-environment-as-insufficient\/\">directly impact their personal lives<\/a>.<\/p>\n<p>And perceiving that threat on an individual level is a key motivator for pushing meaningful action.<\/p>\n<p>While the impacts of climate change can sometimes feel abstract, the reality is that communities across the country are bearing the burden of climate damages here and now through heat waves, severe thunderstorms, wildfires, and flooding \u2013 to name a few \u2013 even if they are not making a direct connection themselves between those events and climate change. A new research series by Environmental Defense Fund underscores specifically where and how the potential costs could impact individual counties as soon as the next 20 years.<\/p>\n<p><strong>Behind the research<\/strong><\/p>\n<p><a href=\"https:\/\/www.edf.org\/climate\/costofinaction\">The Costs of Inaction<\/a> research series draws on data from multiple sources, including a first-of-its kind study by <a href=\"https:\/\/science.sciencemag.org\/content\/356\/6345\/1362\">Hsiang et al. 2017<\/a>, developed through the <a href=\"http:\/\/www.impactlab.org\/\">Climate Impact Lab<\/a>, which highlights climate costs and impacts from key sectors. Our research also draws from the Union of Concerned Scientists\u2019 <a href=\"https:\/\/www.ucsusa.org\/resources\/underwater\"><em>Underwater<\/em><\/a> report and First Street Foundation\u2019s <a href=\"https:\/\/firststreet.org\/flood-factor\/\"><em>Flood Factor<\/em><\/a> data.<\/p>\n<p>From these studies, we extract locally relevant data for several U.S. states projected to experience severe impacts, such as in Florida and Arizona. We examine an array of climate change impacts, including loss of property tax revenue from flooding, increased heat-related deaths, higher electricity costs, and declining crop yields. These represent only some of the detrimental effects that many already experience today and that we can expect to see worsen over the next 20 years and beyond.<\/p>\n<p><strong>International challenge, local costs<\/strong><\/p>\n<p>For example, Floridians already pay 13% more than the national average for electricity, but without ambitious action on climate, they can expect to see increases of more than 5% annually, paying up to an additional $122 on their electricity bills every year over the next 20 years. This will be especially straining on low-income households, which already spend roughly 10% of their income on electricity costs \u2013 three times the proportion of what the average household typically spends on electricity costs.<\/p>\n<p><a href=\"https:\/\/blogs.edf.org\/markets\/wp-content\/blogs.dir\/32\/files\/2020\/12\/FL-Electricity-stat-600x600-002.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-1377\" src=\"https:\/\/blogs.edf.org\/markets\/wp-content\/blogs.dir\/32\/files\/2020\/12\/FL-Electricity-stat-600x600-002.jpg\" alt=\"\" width=\"355\" height=\"355\" srcset=\"https:\/\/blogs.edf.org\/markets\/wp-content\/blogs.dir\/32\/files\/2020\/12\/FL-Electricity-stat-600x600-002.jpg 600w, https:\/\/blogs.edf.org\/markets\/wp-content\/blogs.dir\/32\/files\/2020\/12\/FL-Electricity-stat-600x600-002-300x300.jpg 300w, https:\/\/blogs.edf.org\/markets\/wp-content\/blogs.dir\/32\/files\/2020\/12\/FL-Electricity-stat-600x600-002-150x150.jpg 150w\" sizes=\"auto, (max-width: 355px) 100vw, 355px\" \/><\/a><\/p>\n<p>Arizonians will also face similar annual increases in their electricity bills to keep their homes cool as more extreme heat days occur. Exposure to extreme heat can be deadly, causing heat stroke, dehydration, and other serious issues. With two of the <a href=\"https:\/\/assets.climatecentral.org\/pdfs\/April2019_Report_EarthDay.pdf?pdf=AmericanWarming-Report\">fastest-warming cities<\/a> in the nation, Arizonians face an increasing threat, particularly in urban areas where dark pavement, buildings, and other structures that absorb heat make temperatures even hotter. In Maricopa County, home to Phoenix, a 64% increase in heat-related deaths could occur every single year over the next 20 years. This puts our children, elderly, and sick at great risk as well as those who lack access to air conditioning.<\/p>\n<p><strong>Mapping the costs<\/strong><\/p>\n<p>As part of this research series, EDF also created new interactive maps of <a href=\"https:\/\/edfmaps.maps.arcgis.com\/apps\/webappviewer\/index.html?id=7cff6c5def9a48c888df06f7ed37bb65&amp;extent=-10159887.2877%2C2811337.3987%2C-8281370.8805%2C3710236.8513%2C102100\">Florida<\/a> and <a href=\"https:\/\/edfmaps.maps.arcgis.com\/apps\/webappviewer\/index.html?id=4dd1929173be49fd81a4e274c92c469b&amp;extent=-13399084.5717%2C3621568.766%2C-11520568.1646%2C4520468.2186%2C102100\">Arizona<\/a> that highlight the near-term costs of climate inaction, which allow the user to explore additional costs at the county level for these two states. These costs include estimated heat-related mortality (additional deaths per 100,000 people), electricity expenditure increases (estimated using a version of the EIA\u2019s National Energy Modeling System (NEMS) both for businesses and individual households), and losses in crop yields and property tax revenue. All estimates assume a high emissions scenario in which fossil fuel-intensive economic growth continues and no ambitious climate action is pursued. These interactive maps are designed to allow local policymakers, advocates, and stakeholders to explore the impacts in their county.<\/p>\n<p>EDF also commissioned an in-depth <a href=\"https:\/\/www.edf.org\/sites\/default\/files\/content\/NC_Costs_of_Inaction.pdf\">report from RTI International<\/a>, a Raleigh-based research institute, to use these data to show how climate change impacts will impose significant costs on North Carolina\u2019s residents and its economy. The report showcases the projected costs that eight major sectors of the state\u2019s economy may face within the next 20 to 30 years if measures to curb climate-warming pollution are not taken.<\/p>\n<p>EDF\u2019s research series makes clear that the costs of climate inaction are being felt in our lifetimes and will only grow exponentially worse over time. It\u2019s crucial we enact ambitious climate policy to mitigate the most severe impacts. To explore how climate change will impact your local community, <a href=\"https:\/\/www.edf.org\/climate\/costofinaction\">visit the Cost of Inaction Research series<\/a>.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This blog post was co-authored with Nina Donaldson Much of the existing research on climate change impacts focuses on end-of-century projections across nations, but this misses the very real costs that everyday Americans are already facing daily and will continue to face in the months and years ahead. Case in point today: While most Americans &#8230;<\/p>\n","protected":false},"author":145319,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"coauthors":[],"class_list":["post-1361","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Costs of climate change are rising: New research shows how local communities could be strained in the near-term - Market Forces<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/blogs.edf.org\/markets\/2020\/12\/16\/costs-of-climate-change-are-rising-new-research-shows-how-local-communities-could-be-strained-in-the-near-term\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Costs of climate change are rising: New research shows how local communities could be strained in the near-term - Market Forces\" \/>\n<meta property=\"og:description\" content=\"This blog post was co-authored with Nina Donaldson Much of the existing research on climate change impacts focuses on end-of-century projections across nations, but this misses the very real costs that everyday Americans are already facing daily and will continue to face in the months and years ahead. 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