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Climate change economic impact
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Cost of not acting on climate change (US $)
Globally
Climate change has economic impact! The...
cost of global warming has been estimated to around US$ 13,000 BILLION. And some estimates are even higher. The longer we wait to act the more it will cost - the price keeps going up...
Top 3 facts about climate change economic impact
1
The price is going up…
The cost of not acting on climate change could be increasing 500 billion US dollars annually starting from 10.5 trillion in 2010.
2
It could be much more
Other estimates are even higher - up to an astronomical 74 trillion US dollars. That is more than global economic output in a year.
3
It can be done !
Climate change can be curbed, but it requires massive investments in green technologies and low-carbon renewable energy sources.
Climate change economic impact
The International Energy Agency estimates that every year's delay beyond 2010 will add another 500 billion US dollars to the extra investment of 10,500 billion US dollars needed from 2010-2030 to curb carbon emissions, for example to improve energy efficiency and boost low-carbon renewable energy. This is, of course, a very rough estimate. Other estimates are even higher - up to 74 trillion US dollars (Global Development and Environment Institute, Tufts University).
- International Energy Agency (Reuters)
- Global Development and Environment Institute, Tufts University (pdf)
The price is going up…
It could be much more
It can be done !
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