Warming warning: Climate Change Could impact A third Of the U.S. Economy
As much as a third of the $9 trillion U.S. economy, the National Oceanic and Atmospheric Administration calculates, is sensitive to climate change and weather, the agency reports.
READ MORE ABOUT THE ECONOMIC IMPACT OF CLIMATE CHANGE
East Coast Temperature Threatens Huge Blackouts
As Storms Threaten U.S. Gulf, It Faces Billions In Damages
It is certainly possible to measure the effects of some climate disasters. For instance, AccuWeather recently put this year’s Atlantic hurricanes’ cost at $500 billion, including property damage, long-term business results and productivity.
There is no argument that hurricanes, hail, tornadoes, floods and drought have temporarily and permanently damaged some parts of the economy. The drought in the southwest and parts of California is still called a 1,200-year drought despite large storms from the Pacific. Hurricane damage is intermittent but huge.
More from ClimateCrisis 247
- Used EV Prices Collapse; could Draw Buyers into the electric vehicle arena
- Squeezed by global warming, Florida’s Orange Crop yield Drops To 1930s Lows
- Turbine troubles: the Wind Energy industry Is fast being Blown away, harming Green growth
- Tik Tok Diplomacy ahead? Front-loading Trump, China girds for trade battle
