Hidden Costs of Climate Change Running Hundreds of Billions a Year

A new report warns of a high price tag on the impacts of global warming, from storm damage to health costs. But solutions can provide better value, the authors say.

Extreme weather, made worse by climate change, along with the health impacts of burning fossil fuels, has cost the U.S. economy at least $240 billion a year over the past ten years, a new report has found.

And yet this does not include this past month's three major hurricanes or 76 wildfires in nine Western states. Those economic losses alone are estimated to top $300 billion, the report notes. Putting it in perspective, $300 billion is enough money to provide free tuition for the 13.5 million U.S. students enrolled in public colleges and universities for four years.

In the coming decade, economic losses from extreme weather combined with the health costs of air pollution spiral upward to at

Unlock this story for free
Create an account to read the full story and get unlimited access to hundreds of Nat Geo articles.

Unlock this story for free

Want the full story? Sign up to keep reading and unlock hundreds of Nat Geo articles for free.
Already have an account?
SIGN IN

Read This Next

What bacteria lurk in your city? Consult the bees.
Is melatonin giving you nightmares?
Why are these orcas killing sharks and removing their livers?

Go Further

Subscriber Exclusive Content

Why are people so dang obsessed with Mars?

How viruses shape our world

The era of greyhound racing in the U.S. is coming to an end

See how people have imagined life on Mars through history

See how NASA’s new Mars rover will explore the red planet

Why are people so dang obsessed with Mars?

How viruses shape our world

The era of greyhound racing in the U.S. is coming to an end

See how people have imagined life on Mars through history

See how NASA’s new Mars rover will explore the red planet

Why are people so dang obsessed with Mars?

How viruses shape our world

The era of greyhound racing in the U.S. is coming to an end

See how people have imagined life on Mars through history

See how NASA’s new Mars rover will explore the red planet