Climate Change Costs Money
Investing to mitigate climate change will save money in the long run
According to the 2018 Fourth National Climate Assessment, global warming “could seriously disrupt the U.S. economy. Warmer temperatures, sea level rise and extreme weather will damage property and critical infrastructure, impact human health and productivity, and negatively affect sectors such as agriculture, forestry, fisheries and tourism. The demand for energy will increase as power generation becomes less reliable, and water supplies will be stressed. Damage to other countries around the globe will also affect U.S. business through disruption in trade and supply chains.”
Natural disasters cost the world $210 billion in 2020, just one year. This cost increased from the 2019 cost of $166 billion. The U.S. had $95 billion of the world’s losses in 2020 since 6 of the 10 most expensive natural disasters happened in the states.
If no action is taken…
The global economy could lose 18% of its value by 2050 due to climate change.
According to the Swiss Re Institute, if climate change is not mitigated and we stay on our current path of temperature increases, climate change could destroy up to 18% of the worldwide GDP.
“Everytime you spend money you are casting a vote for the kind of world you want.”
“Earth provides enough to satisfy every man’s needs, but not every man’s greed.”