Wednesday August 12, 2020

Stephen Kinsella: The economics of climate change

Ophelia was just a little taste of what awaits Ireland in the future, unless we get our act together on climate change. But can preventive measures be forced through, even if it isn’t already too late?

22nd October, 2017
Motorists brave the elements on Fenit Pier in Co Kerry during Storm Ophelia Picture: Domnick Walsh

So Ophelia has passed. Three Irish people lost their lives. The scale of the damage was extraordinary. Estimates of the repair cost range from €500 million to €1.5 billion. Flooding, electrical outages and road closures continue to hamper recovery and restoration efforts. More than 450,000 households lost power at some point during the storm. Three-quarters of these households had power 36 hours after the storm passed.

We live in a time when the state takes the blame...

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