The US Economic Impacts of Climate Change and the Costs of Inaction - Executive Summary

Content Provider	Semantic Scholar
Author	Ruth, Matthias Coelho, Dana L. Karetnikov, Daria
Copyright Year	2007
Abstract	This condensed report summarizes a review of economic studies for the United States and relates them to predicted impacts of climate change. The summary findings are organized by region and identify the key sectors likely to be affected by climate change, the main impacts to be expected, as well as estimates of costs. The report builds on the 2000 Global Change Research Program National Assessment, using additional regional and local studies, as well as new calculations derived from federal, state and industry data sources. From this review and quantification, five key lessons emerge: 1. Economic impacts of climate change will occur throughout the country. 2. Economic impacts will be unevenly distributed across regions and within the economy and society. 3. Negative climate impacts will outweigh benefits for most sectors that provide essential goods and services to society. 4. Climate change impacts will place immense strains on public sector budgets. 5. Secondary effects of climate impacts can include higher prices, reduced income and job losses. In their totality, the data and information in this report strongly support a call for action to avoid the most severe impacts of climate change, as well as to prepare for and adapt to those impacts that are unavoidable.
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Language	English
Access Restriction	Open
Content Type	Text
Resource Type	Article