"Wall Street Warns About Cost Of Doing Nothing On Climate Change", 1 Sept 2015

…Citibank has released a new report showing that taking action now against the growing threat of climate change would save an astonishing $1.8 trillion by the year 2040. Conversely, the report says that if no action is taken, the economy will lose as much as $44 trillion during that same time period...This report offers a very stark contrast to the typical talking point that we hear as to why we can’t take action on climate change — that action would simply cost too much…Earlier this summer, a group of current and former Wall Street executives and former U.S. Treasury Secretaries warned that a 2 degrees Celsius increase in global temperatures could result in property losses in the state of Florida totaling $23 billion by the middle of this century…the Southeast would also begin to see an alarming rise in yearly deaths due to extreme heat, with some estimates putting the yearly death toll as high as 35,000 people a year.  Agricultural losses could be as high as 20% of current yield… Wall Street bankers need to immediately stop the flow of corporate campaign cash that is going to climate change deniers…