Climate Shocks May Cost U.S. $1 Billion a Day
- Cost of dealing with climate change is rising, study finds
- Universal Ecological Fund examined impacts on crops, health
28 September, 2017
Stronger hurricanes, hotter heat waves, more frequent wildfires and more severe public-health issues are all adding to the costs of climate change, which will reach almost $1 billion a day in the U.S. within a decade, according to a report released Wednesday.
“The increasing damage from climate-change related storms, wild fires, human health, agriculture loss and the like are taxing the potential of economic growth,” said James McCarthy, a Harvard University professor whose co-authors included Robert Watson, former chairman of the Intergovernmental Panel on Climate Change. The researchers weren’t paid for their work.