Thread by @BuzzFeedNews

Climate experts warn that climate inaction will have a higher price tag.

We tried to calculate how much👇 🧵
buzzfeednews.com/article/zahrah…

The World Bank described the pandemic’s economic impact as the worst recession since WWII, with unemployment soaring to 13%.

Now imagine the US economy enduring that every 5 years, starting in 2030. That’s what one researcher estimates climate change could cost.

Climate change is already costing plenty.

Researchers found that about $13 billion of the $85 - $125 billion in damages caused by Hurricane Harvey’s historic flooding can be attributable to climate change. Harvey is the second-most expensive hurricane in US history.

Another way to try to estimate the costs of climate inaction is by modeling a future disaster and its possible damages.

Ongoing research suggests a mega storm in CA, made more likely by climate change, could cost upwards of a trillion dollars.

Climate change has cost billions in damages already, and could cost trillions more in the future. Therefore the cost of various climate policies seem, suddenly, much more reasonable.

buzzfeednews.com/article/zahrah…