Failure to Prepare for Storms Costs $1.15 Trillion
Failing to prepare for extreme weather events has cost the United States $1.15 trillion in economic losses from 1980 to 2010 and could cost another trillion in coming years.
"According to the U.S. Global Change Research Program, future impacts of climate change project national economic losses on the order of $1.2 trillion through 2050," said David Heyman, DHS' assistant secretary for policy, testifying to a House panel.