A new report attempts to tally the supposed cost of climate change in New Mexico and around the nation. Here’s the full report and here’s an article about the report. The author recently presented to the Legislature’s Revenue Stabilization and Tax Policy Committee.
If readers are hoping for some fancy, detailed, and halfway convincing analysis of various disasters and whether all or part of them were the result of global warming/climate change, you’ll be sadly mistaken.
The report simply claims that “Weather-based disasters and duress have cost New Mexico $5.3 billion in the past 42 years while nationally, extreme weather events caused $150 billion in damage in the past year alone.”
How much of this is driven by “climate change” as opposed to natural deviations in the weather? Who knows? What are the costs and tradeoffs of the “energy transition” our Gov. has planned for us? Again, no information is provided. How about the fact that over the years more people live and build businesses along coastlines and into the mountains, thus making them vulnerable to floods and other disasters.
What is left unsaid is how greater economic prosperity has allowed humans to deal with climate issues, thus preventing deaths.
Candid analysis of the costs and tradeoffs of various environmental policies and what impacts foreign countries and their public policies are having are all worth study, but this isn’t the report for that.