Deloitte Report: Inaction on Climate Change Could Cost the US Economy $14.5 Trillion by 2070
Deloitte's analysis shows that insufficient action on climate change could cost the U.S. economy $14.5 trillion in the next 50 years.
- Deloitte's analysis shows that insufficient action on climate change could cost the U.S. economy $14.5 trillion in the next 50 years.
- A loss of this scale is equivalent to nearly 4% of GDP or $1.5 trillion in 2070 alone.
- And over the next 50 years, nearly 900,000 jobs could disappear each year due to climate damage.
- This study is part of a series of Deloitte reports that examine the economic impact of climate change in regions including Europe and Asia Pacific.