Extreme Weather Disasters Cost Hundreds of Billions. Let’s Make Polluters Pay.
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One of the most visible consequences of global warming is the increased frequency and intensity of extreme weather events, such as the powerful nor’easter that hammered the East Coast and mid-Atlantic for several days in late September with heavy rain, winds, and flooding. Indeed, a wide array of scientific studies over the past couple of decades have shown how human-caused climate change affects the intensity, frequency, and impact of extreme weather — from wildfires in the U.S. and Australia to record-setting flooding in China. And now, a major study prepared by two dozen scientists from across the globe has found a link between industrial emissions and the warming of the snow-capped Himalayan region that led to the collapse of the glacier that caused the catastrophic floods in Nepal and Tibet last month, in which over 1,300 people were killed while thousands are still missing.
In light of such developments, programs designed to address climate disasters are urgently needed. In the interview that follows, economist Michael Ash makes the case for the establishment of an Extreme Weather Superfund to protect U.S. communities from extreme weather events like those discussed above. Ash is professor of economics and public policy and co-director of the Corporate Toxics Information Project at the Political Economy Research Institute (PERI) at the University of Massachusetts Amherst.
The interview that follows has been lightly edited for clarity and length.
C.J. Polychroniou: This past summer was the hottest on record in the United States as well as in western Europe. Indeed, new data shows that global warming is accelerating and the UN says that exceeding the 1.5 degrees Celsius goal above pre-industrial levels looks now unavoidable. As such, extreme weather events like last month’s nor’easter storm that produced strong winds, large waves, and coastal flooding along the East Coast, and Hurricane Helene, which ripped across the U.S. Southeast two years ago and was responsible for at least 250 fatalities, are expected to become more intense. Yet, instead of increasing funding for extreme weather, the Trump administration has actually slashed disaster aid programs and gutted agencies whose mission is to protect communities against extreme weather disasters. Can you talk a bit about the problem at hand with extreme weather events?
Michael Ash: Top weather and climate disasters, typically hurricanes, have costs running into hundreds of billions of dollars. In addition to its war on climate policy, the Trump administration has been utterly derelict in protecting communities from extreme weather disasters or rebuilding after disasters.
Climate Crisis Made Rare East Coast Nor’easter Up to 50 Times More Likely
Hurricane Helene brought horrendous damage to uplands North Carolina, making very clear that the impact of climate change will not be limited to low-lying coastal areas. Immediately after becoming president in 2025, Donald Trump went around North Carolina saying, “the days of betrayal and neglect are over,” while simultaneously planning to institutionalize betrayal and neglect by getting rid of the Federal Emergency Management Agency (FEMA), remarking: “If it was up to me right now, I’d end it right now.”
The Trump administration squeezed out 4,300 staff from FEMA in 2025. Its plan to reduce another 11,000 employees this year has been stopped by the courts for now. FEMA’s capacity is degraded. As The Nation article recounts, the North Carolina recovery funds have been delivered in an ineffective trickle.
How should we explain the Trump administration’s complete disregard of the risks associated with extreme weather events, which should be of deep concern to voters in the upcoming midterm elections?
It fits important patterns: climate denialism in service to fossil fuel companies; callous disregard for human suffering; and federal abdication of responsibility for the general welfare.
How much more likely and how much more destructive are episodes of extreme heat........
