Climate Change that Affects YOU: The Trillion Dollar Threat to Global Economy

The escalating climate change issue is no longer a distant phenomenon. It is here and it is real, presenting a trillion-dollar threat to the global economy. From agriculture and infrastructure to human health and tourism, no sector remains untouched by its impacts.

The Economic Impact of Climate Change

Based on the Fourth National Climate Assessment conducted in 2018, if we continue to overlook the rising greenhouse gas emissions and fail to adapt, climate change has the potential to disrupt the U.S. economy severely.

Higher temperatures, sea level rise, and extreme weather conditions can damage property and critical infrastructure, affect human health and productivity, and have severe repercussions for sectors like agriculture, forestry, fisheries, and tourism.

Climate Change and the U.S. Economy

A recent study analyzed how climate change could impact 22 different sectors under two temperature rise scenarios: 2.8˚ C and 4.5˚ C from pre-industrial levels by 2100.

If the temperature rises by 4.5˚ C, it could cost the U.S. $520 billion each year. However, if we manage to limit it to 2.8˚ C, the cost could reduce by $224 billion. Regardless…