Summary
A recent study by researchers at the National Bureau of Economic Research (NBER), as reported by Investopedia, finds that climate change now imposes additional costs on many U.S. households each year. For most Americans, this means an extra burden of approximately US$400–900 annually, whereas households in the 10% of counties most exposed—especially in regions prone to disasters—may pay up to US$1,300 annually. These additional costs arise from higher insurance premiums, rising energy and food prices, flood damage, increased taxes to cover disaster relief, and health and mortality risks associated with worsening air quality and disasters. The study warns that these figures are conservative and could escalate rapidly if climate change remains unchecked, showing how deeply climate risks are already harming household finances across the United States.
Investopedia
Read the Full Article
The dedicated team at Newsletter Station has provided this summary for your convenience.
Harness the potential of email marketing with Newsletter Station. Reach your target audience, drive conversions, and achieve your business goals.
|
|
|
