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Ignoring climate change is fiscally irresponsible

Ignoring climate change is fiscally irresponsible

Recent events in Texas highlight the dangers of climate change. We think more about the heat than the cold when we think of global warming; however, a warming world weakens the jet streams that keep the polar vortex in place over the Arctic, and when that happens, ironically, global warming causes cold so severe it cuts off electricity to millions and bursts enough pipes to create a humanitarian crisis in the world’s richest nation. Climate change is expensive this way; according to Datu Research, a moderate increase in greenhouse gases is likely to result in a 45-87% increase in the frequency of Category 4 and 5 hurricanes in the Atlantic Basin by century’s end. It’s unlikely Iowans will be able to avoid helping to pay for that damage. We’re also going to see a significant increase in flooding worldwide and in Midwestern storms in particular. Every 1 degree Celsius of global warming is likely to damage our GDP by more than $250 billion, and increase the number of American dreams flooded or frozen to death.

It would be both fiscally irresponsible and physically dangerous not to take action. One of the simplest and most equitable ways for Americans to work together across party lines against climate change is a Carbon Fee and Dividend. This policy collects money from polluters and gives it back to the taxpayers affected by that pollution.

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