Thursday, October 2, 2014

Present Value of Climate Change Effects

Many are not willing to pay to reduce the effects of climate change because the effects really only effect future generations and the present value of reducing the effects to the current generation is close to nothing. However, with the news of 35,000 Walruses swarming a beach in Alaska because of the lack of sea ice to rest on, the effects are most likely closer than we thought. If people and politicians realize that the effects are close and that they could effect current generations, they might be willing to foot some of the bill.

If we want to get anything done in regards to reducing the effects of climate change, there needs to be a wholesale effort to show how the effects of climate change are affecting us now. If people can see that they are being affected, they would likely be more willing to help out than they would be if the effects only affected future generations. Some might say they 35,000 Walruses washing up on a beach does not affect us. I would argue that it does because it shows that the effects of climate change are much closer than we thought they were. If we ignored everything before it directly effected us, there would be little chance to reduce the effects of climate change. The climate change movement is stronger than it ever has been before, but nothing will likely get done on a federal level if politicians don’t know the current effects. 

http://news.yahoo.com/35-000-walrus-come-ashore-northwest-alaska-221314416.html

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