“The true economic impact of climate change is fraught with ‘hidden’ costs.”
CLIMATE CHANGE-US: Delay Now, Pay Dearly Later
By Stephen Leahy
Oct 16 (IPS) – The United States is facing hundreds of billions of dollars in weather-related damages in coming years if it does not act urgently on climate change, the first-ever comprehensive economic assessment of the problem has found.
The costs of inaction on climate change on U.S. infrastructure, and its agricultural, manufacturing and public service sectors, will far outweigh the costs involved in making the needed reductions in greenhouse gas emissions, according to the report, “The U.S. Economic Impacts of Climate Change and the Costs of Inaction“, released Tuesday. Continue reading