Climate Changed
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
How Rising Temperatures Can Fry the Economy
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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.
Total costs to address the impact of rising temperatures will swell 50 percent by 2027, to $360 billion annually, according to the study from the Universal Ecological Fund. That equates to about 55 percent of expected economic growth in the U.S.