In the NewsNational Geographic September 27, 2017

Hidden Costs of Climate Change Running Hundreds of Billions a Year

Extreme weather, made worse by climate change, along with the health impacts of burning fossil fuels, has cost the U.S. economy at least $240 billion a year over the past ten years, a new report has found. “Anything we estimate now is an underestimate,” said Lab's Amir Jina of the University of Chicago and co-author of yet another new study looking at impacts of climate change on the U.S. “Climate change is not isolated to small increases in global temperature, but to local impacts to our health and well-being that could be enormous.” Estimating Economic Damage from Climate Change in the United States is a state-of-the-art analysis that projects future costs and benefits county by county based on current and past data. It found counties in states in the South and lower Midwest would be the hardest hit economically without strong action to curb climate change.