Climate change could cost the U.S. up to 10.5 percent of its GDP by 2100, study finds

new jersey environment news, stock market

ANDREW FREEDMAN / WASHINGTON POST – Extreme weather events, cuts to worker productivity and other effects of climate change could cause major global economic losses unless greenhouse gas emissions are significantly curtailed in the next few decades, according to a new working paper published Monday. The paper is the latest in a string of reports from the United Nations and global financial institutions and others showing that climate change constitutes a looming financial risk.

At a time when there’s concern about a global economic downturn, the new study, circulated as a working paper in the National Bureau of Economic Research, warns of a far bigger cut to economic growth if global warming goes unchecked …

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