Let’s talk about the economic risks of climate upheaval
Team,
Five years ago, I sent my Senate colleagues a binder that compiled some of the most compelling economic warnings associated with climate change. A couple weeks ago, I sent an updated version – it was three times as big.
The warnings keep piling up. And they’re piling up from our country’s most credible economists, scientists, business leaders, and bankers, all of whom agree that the sooner we act to reduce emissions, the lower our economic costs and risks will be.
Climate change-related natural disasters are already upending lives and draining taxpayer dollars. The country’s leading experts have made it clear: crashes in coastal property values, insurance collapse from more frequent and intense wildfires, and inflation from decreased crop yields are on the horizon. If we don’t take action, it’s only a matter of time before these disasters cascade out into the broader economy.