× Digital News Videos Health & Science Opinion Education Columnists Cartoons Lifestyle Moi Cabinets Arts & Culture Ramadhan Special Podcasts E-Paper Lifestyle & Entertainment Nairobian Entertainment Eve Woman Travelog TV Stations KTN Home KTN News BTV KTN Farmers TV Radio Stations Radio Maisha Spice FM Vybez Radio Enterprise VAS E-Learning Digger Classified Jobs Games Crosswords Sudoku The Standard Group Corporate Contact Us Rate Card Vacancies DCX O.M Portal Corporate Email RMS
×

Climate change could cost US 'hundreds of billions' a year: study

BUSINESS
By Reuters | November 24th 2018
US President Donald Trump dismissed last year's report. [Photo: Courtesy]

Climate change is already hurting the global economy and will cost the US hundreds of billions of dollars annually unless drastic action is taken to cut carbon emissions, a major US government report warned on Friday.

"Without substantial and sustained global mitigation and regional adaptation efforts, climate change is expected to cause growing losses to American infrastructure and property and impede the rate of economic growth over this century," said the Fourth National Climate Assessment, Volume II, a congressionally mandated report that spans more than 1,000 pages.

"The impacts of climate change beyond our borders are expected to increasingly affect our trade and economy, including import and export prices and US businesses with overseas operations and supply chains."

US President Donald Trump dismissed last year's report, and just this week appeared to confuse weather with climate change when he tweeted: "Brutal and Extended Cold Blast could shatter ALL RECORDS - Whatever happened to Global Warming?"

 

Share this story
Suspected Islamic State gunmen kill nine in southern Libya
Gunmen on Friday raided a town deep in Libya’s southern desert, killing nine people and kidnapping several others.
I eagerly await my baby's first steps
Spina Bifida, and though rare in the general population, it is the most common neural tube defect in the world
.
RECOMMENDED NEWS

Feedback