December 12, 2011

This Quarter's Economic Impact from Global Warming

The other day a friend and I went to Office Depot to pick up an external Seagate hard disk to use for her backups. When we got there, the only disks available were 1TB or greater - much more expensive than she was willing to pay right now and the sales guy didn't know when they would get more of the smaller disks in stock. That's because Seagate manufactures their hard disks in Thailand and their plants were decimated during torrential flooding that affected 9.8 million people and destroyed 25% of the Thai rice harvest.

According to Dr. Jeff Masters in November, the expense from the mega-flood was about approximately $9.8 billion or almost 4% of the GDP of Thailand.

Today Intel created a major market drop when it reported that it would take a $1 billion loss this quarter because of the Thailand floods. And Toyota also lowered their profit forecasts because of the floods by $1.5 billion. Just last week the insurance industry estimated damages of around $10 billion but now with the stories from Intel and Toyota seems to be too small.

The main point to take away is that the overall costs of the flooding affected not just Thailand but an important part of our current global economy which is already under a great deal of stress.

These floods were the worst in Thailand for more than 70 years. Over 600 people died. So were they due to global warming? According to climate scientists, global warming made the disaster more likely, just like too many cheeseburgers and too much smoking leads to increased risk of heart attacks.

Scientists know that the increasing load of greenhouse gases we're pumping into the atmosphere doesn't "cause" extreme weather. But it does raise the odds, just as a diet of triple bacon cheeseburgers raises the odds of heart disease.

The floods that have been threatening to inundate Bangkok, Thailand, for nearly a week now are a perfect example. Since last summer, torrential rains have been pounding the Thai highlands, swelling the country's rivers, including the Chao Phraya, which flows through the capital. Many people have fled for drier ground, fearful that the city's dikes might not hold back the water - especially over the weekend, as the virtual tsunami from the north tried to empty into the Gulf of Thailand just as unusually high tides were pushing up the river. "It seems like we're fighting against the forces of nature," Prime Minister Yingluck Shinawatra told the New York Times last week....But climate change is an additional risk factor. Scientists have shown that torrential rains have gotten heavier in recent years, in large part because of human-caused global warming. This year's Southeast Asian monsoon may or may not have the fingerprints of climate change all over it, but in general, the trend toward heavier rains is likely to continue. Last weekend's high tide doesn't have anything to do with rising sea level; it was caused by an unusual alignment of Earth, moon and sun. But as climate change does raise sea levels over the coming century - by an average of 3 feet by 2100, according to the current best estimate - rain-swollen rivers will have a harder and harder time emptying quickly into the ocean.

No wonder Americans are starting to realize that climate change deniers are peddling junk because the signs of global warming are becoming too visible and too expensive to ignore any long.

See also: How bad is the hard disk shortage? which predicts that drive prices are going up and won't be coming back down anytime soon.

Our challenge is to force the politicians to do something to address the problem of global warming before it costs us an arm and a leg or too many more lives.

Posted by Mary at December 12, 2011 08:50 PM | Environment | Technorati links |


Hoping that our politicians will do the right thing is like hoping God will solve our problems.

It is clear that our politicians get into office only to enrich themselves. Have you read about the Insider Trading that even some democrats have indulged in?

Posted by: Murali at December 20, 2011 10:18 PM

To change the temperature not as much as a tenth of a degree, the scaremongers would have us plant a great many additional sections of land of corn. Expert Assignment Writer. A huge number of square miles of rain woods will be decimated planting palm oil tree. Individuals will chop down any kind of tree for fuel to consume in their homes which will make millions bite the dust. There is no positive aspect regarding the a worldwide temperature alteration development to nature.

Posted by: Cara Mayson at May 9, 2018 11:28 PM

Thanks for your article! I have read through some similar topics free gift cards generator

Posted by: maitrishah at July 19, 2018 07:38 AM

I am totally agree with you thanks a lot for this, have a look at our call girls in Jaipur you may also like our escorts in Jaipur and Jaipur escorts as they provide best services in entire city.

Posted by: kritika33 at August 9, 2018 11:26 AM

Positive site, where did u come up with the information on this posting? I have read a few of the articles on your website now, and I really like your style. Thanks a million and please keep up the effective work. Check out also puzzle rpg games .

Posted by: fredaberg102490 at December 17, 2018 09:52 PM

Immediately the following web-site might unquestionably recognition amongst the majority of blog plus site-building consumers, so that you can it has the meticulous discussions and also product reviews. No Credit Check Financing

Posted by: james thomas at February 14, 2019 09:13 AM

Immediately the following superb web-site will obviously irrefutably remain celebrated between a lot of crafting your site both males and females, for the reason that hardworking subject material and customer feedback. another eden hack apk

Posted by: james thomas at February 14, 2019 11:09 AM

Straight away the location may well indisputably get hold of notable one of the most for ad clients, ready for its fastidious article content and / or very important critical reviews. hack instagram

Posted by: james thomas at March 1, 2019 04:55 AM

I might wish to impart for the endeavors you have got 7.49 godaddy domain renewals coupon created in composing this post. I'm trusting an analogous best work from you anon conjointly. I required too many thanks for these sites.

Posted by: webtechcoupons at March 4, 2019 10:17 PM

Keep blogging. Looking to reading your next post... tree pruning

Posted by: Cassandra D. Everhart at April 29, 2019 11:33 PM

The site was so nice, I found out about a lot of great things. I like the way you make your blog posts. Keep up the good work and may you gain success in the long run. towing service

Posted by: Joshua A. Price at May 14, 2019 03:25 AM

On point and this makes me sad. The climate change has alleviated to climate crisis already.

Posted by: Brielle Luna at June 5, 2019 09:59 AM

free TikTok likes

Posted by: Dean Lovrik at June 10, 2019 08:55 AM

We all are talking about global warming but never suggested never to stop this warming. Actually, we are educated, ruthless people. We have written the similar kind of stuff on and I am sure you would be happy to know that many online companies have offered us the similar kind of stuff. Check out my articles right now.

Posted by: Robert Martin at June 19, 2019 01:54 AM

So stimulating to view a huge amount of good quality articles. I like the design as well. Excellent job!

Posted by: menawat at June 20, 2019 08:04 AM

We should take care of our environment and fight climate change. Our environment as also an economic impact.
tiny tower laptop stand

Posted by: terrencef22147 at June 24, 2019 03:30 AM


Posted by: ASDqwelk at July 5, 2019 01:48 AM

You have a positive insights, Let's preserve our environment together as one! green lawn care

Posted by: Dani at July 8, 2019 05:57 AM

Global warming is real, and every nation should do something about it.
Try this bridge building simulator games for free.

Posted by: alvinrr at July 12, 2019 03:25 AM

thanks for the very useful facts! Global warning affect not only people but all life form in the world. So we should care out environment. euchre online free

Posted by: Samuel Darden at July 15, 2019 06:13 PM

Thank you for such a fantastic blog. Where else could anyone get that kind of info written in such a perfect way? I have a presentation that I am presently working on, and I have been on the look out for such information. tile contractor

Posted by: fredluis721 at July 22, 2019 02:31 AM

Your content is high quality, you'll find numerous unique things which are not seen on other websites, fairly versatile but still very specific!
apex legends hack

Posted by: ceckouuuu at July 22, 2019 06:28 AM

Posted by: Dean Lovrik at July 31, 2019 04:10 AM

Nowadays, the impact of global warming in our economy can never be hidden. It affects a lot of farmers thus affect production. | concrete contractors little rock ar

Posted by: Pest Control Dayton Ohio at August 1, 2019 08:50 AM

Now that the effects of global warming are very obvious such as gradual heating of Earth's surface, oceans and atmosphere, which is caused by human activity. We should do our own share to stop it. My team at Seo Cincinnati are doing our own share in cleaning the coastal areas and beaches.

Posted by: Brett at August 5, 2019 03:09 AM

I would like to read about it anymore. Prompt, what literature to study? florida power and light

Posted by: panistefanin at August 6, 2019 12:27 AM

We should gear our efforts towards climate change by reducing emissions. The Cincinnati window cleaning team is doing an info drive about climate change.

Posted by: Brett at August 11, 2019 08:13 PM

Im still hoping that we will elect the right person who will serve the people. | columbia carpet cleaner

Posted by: Pest Control Dayton Ohio at August 14, 2019 04:26 AM

The power is in the hand of the community, I hope they will choose the right leader who will serve the people. | divorce lawyers columbus ohio

Posted by: Dani at August 21, 2019 07:03 AM

Thanks for sharing this post, it's very informative and interesting topic which is about politics.
| Printing Near Me

Posted by: AnnaS. at September 5, 2019 06:27 AM

This is exceedingly information, fresh and clear. I feel that everything has been portrayed in a precise way with the goal that peruse could get the most extreme data and learn numerous things.
mumbai Escorts service

Posted by: ankita dave at September 16, 2019 10:23 PM
Post a comment

Remember personal info?

You must preview your comment first before posting.