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Economists find flaws in federal estimate of climate damage

August 14, 2011 By James Handley

US Gov’t Understates Climate Damage, Overlooks CO2 Reduction Benefits (Daily Climate)

Filed Under: Prices Matter

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Quote of Note

We cannot change the fact that in Florida we have hurricanes, so we shouldn’t be penalized for it. This is why we have the federal government.”

Orlando Diaz, president of the Florida Association of Mortgage Professionals, quoted in Lydia DePillis, Mortgage Regulators Are Shrugging Off Climate Risk. It Could Cost Taxpayers Billions, NY Times, Dec. 7.

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