Compact News: Economic Cost of Weather May Total $485 Billion in U.S.

Wednesday, June 22, 2011

Economic Cost of Weather May Total $485 Billion in U.S.

Economic Cost of Weather May Total $485 Billion in U.S.
Wed, 22 Jun 2011 10:11:00 -0500

Photo of a firefighter in the foreground and wildfire burning a forest in the background.

Everything has its price, even the weather.

New research indicates that routine weather events such as rain and cooler-than-average days can add up to an annual economic impact of as much as $485 billon in the United States.

The study, led by scientists at the National Center for Atmospheric Research (NCAR), found that finance, manufacturing, agriculture and every other sector of the economy is sensitive to changes in the weather. The impacts can be felt in every state.

The ...

More at http://www.nsf.gov/news/news_summ.jsp?cntn_id=119878&WT.mc_id=USNSF_51&WT.mc_ev=click

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