Doing Nothing Has A Cost November 22, 2010 : 4:56 PM

From Reuters:

"Heavy rains and storms this year have left Mexico and Central America with hundreds of millions of dollars in repair bills, a trend officials expect to be a perennial strain on budgets as climate change sets in."

"The unusually fierce hurricane season, which brought 19 major storms through the region, left local governments scrambling to find the money to rebuild roads, bridges and homes, forcing them to rethink tax cuts or seek outside aid."

"Climate change models show the situation will only get worse as temperatures rise, taking a real toll on budgets across Latin America. Development banks and ratings agencies alike have urged the region to brace itself for severe weather and the resulting heavy repair costs."