There's then a rather illogical through a carbon tax... The cost would set our state back, depriving us of the resources we desperately need to continue to adapt. So apparently the state raising tax revenue would deprive the state of tax revenue for use in adaption? Or perhaps he imagines that all adaption will be done by private individuals. I bet his retiree-constituents are looking for "the state" aka someone else to pick up the tab, not them as private individuals.
Then comes the interesting Through proactive adaptation alone, the Environmental Protection Agency predicted in 2017, Americans could reduce damage caused by climate change to coastal property through 2099 by 90%. 90% seems a touch on the optimistic side, even for a pol trying to reassure people. Via FOURTH NATIONAL CLIMATE ASSESSMENT: CHAPTER 29: REDUCING RISKS THROUGH EMISSIONS MITIGATION AND SHOUTING A LOT (More than half of damages to coastal property are estimated to be avoidable through well-timed adaptation measures, such as shoreline protection and beach replenishment.2,5,196) I get (it's ref 2) Multi-Model Framework for Quantitative Sectoral Impacts Analysis: A Technical Report for the Fourth National Climate Assessment. U.S. Environmental Protection Agency, Washington, D.C. which says
Without adaptation, cumulative discounted damages to coastal property in the contiguous U.S. are estimated at $3.6 trillion through 2100 under both RCPs. Damages under RCP4.5 are reduced by $92 billion compared to RCP8.5.
Well-timed adaptation measures significantly reduce cumulative discounted costs to an estimated $820 billion under RCP8.5 and $800 billion under RCP4.5. In comparison, reductions in damages under RCP4.5 are modest, with the majority of benefits projected to occur late in the century.Ter be onest I have some problems with that. The most obvious is the trivial difference in costs between RCP8.5 and 4.5. That just doesn't seem believable1. Also, I can't really parse the second sentence in the second paragraph. However, overall, while 820 isn't 10% of 3600 it isn't far off, indeed in pol terms it is spot on, so ol' MR isn't totally full of it.
1. They do notice though, and say: Global sea level rise is similar under the RCPs scenarios through mid-century. It is not until the second half of the century when the benefits of reduced sea level rise under RCP4.5 become apparent, which are more heavily affected by discounting. In addition, some of the effects on coastal property are due to land subsidence which is assumed to occur at an equal rate under the sea level rise projections of the two RCPs. Could be.
* We need to save the Amazon, but not for the sake of oxygen
* PC – As In “Patriotically Correct” by DON BOUDREAUX from Alex Nowrasteh
* Harold Demsetz’s 1982 lecture “Competition in the Public Sector” via CH
* Voters can only choose process characteristics and hope for results. Consumers buy results and leave the process to those with specialized knowledge of such things - Thomas Sowell