Saturday, November 22, 2014   

Climate change to cost much: report
(06-24 12:07)

Climate change will exact enormous costs on U.S. regional economies in the form of lost property, reduced industrial output and higher health expenses, according to a report backed by a trio of men with vast business experience.
The report, released Tuesday, is designed to convince businesses to factor in the cost of climate change in their long-term decisions and to push for cutting emissions that are heating the planet.
The report was commissioned the Risky Business Project, which describes itself as non-partisan and is chaired by former New York City Mayor Michael R. Bloomberg, former Treasury Secretary Henry M. Paulson, Jr. and Thomas F. Steyer, a former hedge fund manager.
Among the predictions: Between US$66 billion and US$106 billion in costal property will likely be below sea level by 2050. --AP   
Other World breaking news:
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6.9-magnitude quake hits eastern Indonesia, no tsunami alert (11-21 19:00)
Sri Lanka minister defects to challenge president (11-21 18:21)
Luxury car collection including 4 Rolls-Royces goes up in flames in Moscow (11-21 18:17)
Germans face caning for vandalism in Singapore (11-21 17:52)
UN blasts Thai junta for 'Hunger Games' detentions (11-21 17:17)
Britain's anti-EU UKIP take second seat in blow for Cameron (11-21 17:03)
Japan lower house dissolved ahead of election (11-21 16:24)
Singapore moves to regulate taxi booking apps (11-21 15:50)
Clashes as Mexicans hold rally for 43 missing students (11-21 15:49)

More breaking news >>

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