David P

There are a lot of things can happen to our economy because of climate change. Because of climate changes in the world, there is potential impact on our personal economy. The personal impact on the economy is that we will have to spend much more money to deal with everything that is happening with the climate change occurring, and also using money towards the need of climate changes could affect us a lot because we are losing money on something we can save by not letting the climate change occur. In life we will have some economic challenges or difficulties that could go way beyond agriculture and food production. Because of this, it will cause some of the greatest problems and damages due to climate change. In example, the heat related illness and deaths could possibly affect the medical system and labor market. The climate changes will cause major floods, which may cause some damage in some areas like New York City the people say. New York City is a large Market, Affecting New York can affect the economy badly, and cause another Economic break down. There are storms that are called 100-year storm because it passes every 100 years. It is soon to be occurring as of every 10 years by late in this century due to climate changes. Which will affect places like the lower Manhattan, Queens, Staten Island, Brooklyn, and the Nassau County. These places would experience an increase frequency for floods. All this climate changes would affect transportations. It will affect transportations including tunnels, subways, and also airports during these bad events. The government is expected to face some major challenges with the economy, because about 90 percent of the insured catastrophe losses worldwide are weather related every year. They are expectingenergy consumption to change as the demand for the electricity rises up to be able to cool down some houses and different indoor places. Some people are demanding for heating. The heating uses natural gas and fuel oils. Due to climate change, scientist says that we should expect a lot of heavy rain, a lot of storms, and we should also expect sea-level to rise a huge percent. Also there will be more hurricanes in some parts of the world. As well as more wild fires in some other parts are expected to occur in nearly all forms of transport. This includes the airports, roads, rail lines and tunnels, according to the report that people stated. The climate will have major impact on transportations. They say that the Gulf Coast is responsible for the 30 percent of the nations crude oil production and also 20 percent of its natural gas production. Which it may occur disruptions in energy production from severe weather like strong hurricanes.             Also all these damages that could be occurring to certain places will affect some places more than others for example. The United States is a rich and wealthy place. These poor conditions won’t affect them as bad because they have enough money to recover. It is unfair to the other places that will be affected more than others because those are the ones who are the last ones to blame on the cause of the climate change, and they will be getting hit the hardest without no responsibility I have learned in my Economics class before. http://economix.blogs.nytimes.com/2009/06/16/the-economic-impact-of-climate-change/http://economix.blogs.nytimes.com/2009/06/16/the-economic-impact-of-climate-change/