Using Insurance Costs to Advance Action on Climate Change

One of the best ways of changing public attitudes on climate change is by letting people bear the real costs of insurance. This argument suggests that higher insurance costs may be the best way to advance action on climate change.

According to a report by Ceres titled, "Inaction on Climate Change: The Cost to Taxpayers," climate change already costs every American taxpayer $300 and going forward the costs will be debilitating. The report further indicates that every dollar spent on prevention saves four dollars in damages.