New report: Global warming could cost US $3.8 trillion a year by 2100
26 May 2008
A new report says doing nothing on global warming will cost the U.S. economy more than 3.6 percent of GDP — or US$3.8 trillion annually (in today’s dollars) — by 2100.
Among the major costs: Hurricane damages will be $422 billion a year, real estate losses $360 billion and water costs $950 billion.
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