Failure To Act On The Climate Crisis Will Cost The U.S. Economy Trillions Of Dollars

The economic costs of doing nothing to avert the worst impacts of the climate crisis are grave. Climate change could cost the U.S. economy $14.5 trillion and result in a loss of 900,000 jobs annually by 2070. Moreover, addressing climate change damages could cost the federal government $2 trillion annually and reduce GDP by 10% by 2100. By failing to act on the climate crisis by investing in clean energy solutions, the U.S. is foregoing massive economic gains, with reports estimating U.S. decarbonization could produce $3 trillion in economic growth and save trillions in healthcare costs.