Report sees global warming harming coastal homes - Trade Only Today

Report sees global warming harming coastal homes

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The latest report on climate change, its causes and its potential effects paints a dire future for coastal properties.

More than a million homes and businesses along the nation’s coasts could flood repeatedly before ultimately being destroyed. Agriculture in the Southeast and Corn Belt are threatened and heat and humidity will probably grow so intense that spending time outside will become physically dangerous, according to a report by the New York Times.

That is the picture of what could happen to the U.S. economy in a world of unchecked global warming, according to a major new report put forward Tuesday by a coalition of senior political and economic figures from the left, right and center.

“I actually do believe that we’re at a tipping point with the planet,” former Treasury Secretary Henry M. Paulson Jr., a Republican who served under President George W. Bush and on the climate change coalition, told the Times. “A lot of things are going to happen that none of us are going to like to see.”

Given the ferocity over debating the hot-button issue, climate change skeptics rebutted the report’s findings.

“Global warming 'fabricated' by NASA and NOAA,” reads a headline on the conservative news blog Breitbart Report.

“Scientists at two of the world’s leading climate centers — NASA and NOAA — have been caught out manipulating temperature data to overstate the extent of the 20th century global warming,” the report states.

The Breitbart Report cites a post on the site, Real Science, where blogger Steven Goddard, a global warming skeptic, has posted a series of graphs that show "climate change" before and after the adjustments.

When the raw data are used, there is little, if any evidence of global warming and some evidence of global cooling, Goddard says.

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