ABSTRACT

Failing to Address Climate Change Threatens the Economy   [open pdf - 368KB]

"Global temperatures are rising, and without drastic and immediate action, they will continue to rise substantially and cause significant economic harm. That is the conclusion of recent reports from the United Nations' Intergovernmental Panel on Climate Change (IPCC) and the U.S. Global Change Research Program's National Climate Assessment. As the earth warms, sea levels will rise, health outcomes will get worse, agriculture yields will decline, and extreme weather disasters will become more severe and more frequent. These changes will cost lives, force waves of human migration across the globe, upend insurance markets, and have dire consequences for the American economy. [...] Too much time is spent debating whether climate change is real, or humans' role in climate change. The science is clear on both of these points - climate change is a major threat to families and workers across the globe. Congress must stop kicking the can down the road and instead start taking action to mitigate the worst economic damages of climate change. The extreme weather disasters of recent years are just the beginning, and Congress is leaving American families woefully unprepared."

Publisher:
Date:
2018-11
Copyright:
Public Domain
Retrieved From:
United States Congress Joint Economic Committee: https://www.jec.senate.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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