Climate change will cost the U. S. economy hundreds of billions of dollars by the end of the century, damaging everything from human health to infrastructure and agricultural production.
Climate change will cost the U. S. economy hundreds of billions of dollars by the end of the century, damaging everything from human health to infrastructure and agricultural production, according to a government report issued on Friday.
The Congressionally-mandated report, written with the help of more than a dozen U. S. government agencies and departments, outlined the projected impacts of global warming in every corner of American society, in a dire warning at odds with the Trump administration’s pro-fossil fuels agenda.
“With continued growth in emissions at historic rates, annual losses in some economic sectors are projected to reach hundreds of billions of dollars by the end of the century – more than the current gross domestic product (GDP) of many U. S. states,” according to the report.
It said global warming would disproportionately hurt the poor, broadly undermine human health, damage infrastructure, limit the availability of water, alter coastlines, and boost costs in industries from farming to energy production.
