Economic Effects

Obviously, there are many physical effects to global warming.  There are some non-physical effects as well.  These are known as the economic consequences.  One example is crop yields.  Due to the loss of agriculture because of the intense warm weather, there will be a yield in crops.  Lower crop yields can amount to a net economic loss of 5 billion dollars a year!  All of the physical effects that global warming has, calls for clean up.  This costs money as well.  In fact, a lot of money!  Clean up will be needed for the increase in wildfires, hurricanes, and flooding.  Homes from hurricanes will be destroyed and it takes finances to restore them.  The amount of money sent by Homeland Security to states to combat natural disasters was 180 million dollars.  The amount of federal funding received by the Army Corps of Engineers for the Louisiana flood/hurricane protection programs was 40 million dollars.  The number of major disasters declared by the federal government since 1995 was 562.  This number will keep on rising with the help of global warming, leading us down the path to an economic crisis.   

Works Cited 

"Anne Nisperos." University Blog Service. Web. 29 Oct. 2010. <http://blogs.utexas.edu/annenisperos/>. 

Far, By. "Global Warming: The Economic Effects." Global Warming Causes & Global Warming Effects. Web. 29 Oct. 2010. <http://globalwarming.solveyourproblem.com/global-warming-economic-effects.shtml>. 

"Hurricane Katrina Fact Sheet." Scribd. Web. 29 Oct. 2010. <http://www.scribd.com/doc/265292/Hurricane-Katrina-Fact-Sheet>. 

Kid.Ouch, By A. "5 Deadliest Effects of Global Warming." Popular | Environmental Graffiti. Web. 29 Oct. 2010. <http://www.environmentalgraffiti.com/sciencetech/5-deadliest-effects-of-global-warming/276>.