Climate Summit
2021 | Global
Climate Events | Climate
Congress | Global
Warming Meetings
The Economics of
climate is critical to our understanding of how best to address this difficult
issue. Economic analyses play a critical role in consideration of climate
change policies. Identifying, assessing and communicating the implications of
economic uncertainty and knowledge gaps remains a major challenge. Climate
Change Economics can provide an important forum to consider fundamental
economic issues that will enhance understanding and improve climate policy
deliberations. The study projected that if the higher-temperature scenario
prevails, climate change impacts on these 22 sectors could cost the U.S. $520
billion each year. If we can keep to 2.8? C, it would cost $224 billion less.
Record-breaking temperatures, melting ice on land and sea, more-frequent
coastal flooding, prolonged droughts, and damaging storms are just some of the
intensifying risks communities face as the globe continues to warm. These
changes will have vast implications for the health and welfare of every
community around the world and the performance of every sector of the
economy—from the amount of energy consumed to heat and cool homes and offices,
to the ability to work and play outside, to the performance of entire economic
sectors such as agriculture and tourism.