Climate events have cost the US economy more than $500 billion over the last 5 years, Fed official says
- Climate- and weather-related events have directly cost the US more than $500 billion over the past five years, according to a Federal Reserve official.
- In addition to causing damage to natural resource and infrastructure, global warming is expected to disrupt business operations and economic activity in the coming years.
- In January, top economists from both sides of the aisle signed a letter that said climate change was “a serious problem calling for immediate national action.”
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Climate and weather-related events have directly cost the US more than $500 billion