It is estimated that by 2100 the United States experienced annual losses of $ 2 trillion because of Global Warming, unless preventive measures are implemented in the short term to stop the accumulation of greenhouse gases. While the cost of not acting in time for the entire planet amount to almost 10 trillion dollars per year.
New research shows that if current trends continue, the total cost of global warming will amount to 3.6% of gross domestic product (GDP). Only four -Damage impacts of global warming on hurricanes, real estate losses, energy costs and costs of water- cost 1.8% of US GDP, or nearly $ 1.9 trillion a year (in today’s dollars) for the 2100. We know how to avoid most of these damages with strong national and international actions to reduce emissions that cause global warming. But we must act now. The longer we wait, the more painful-and expensive-the consequences.
The worst estimates indicate that global warming will cause drastic changes to the planet’s climate, with average temperature increases of 13 degrees Fahrenheit in most US and 18 degrees Fahrenheit in Alaska over the next 100 years
The cost of global warming
Droughts, floods, wildfires and hurricanes caused by global warming have already caused losses of billions of dollars, and these extreme weather events are likely to be more frequent and devastating as the climate continues to change. Tourism, agriculture and other industries that depend on the climate will be most hurt, but no one is exempt. Household budgets and balance sheets of the companies feel the impact of rising energy costs and water. This report estimates that the United States will pay as a result of four of the most serious impacts of global warming if things continue as they are, that is, unless we take action to roll back climate change:
$ 422 billion
economic losses caused by
storms in the Atlantic coast and
Real estate losses:
$ 360 billion
in residential property
damaged or destroyed by the
rise in sea levels.
$ 141 billion
cost of increasing energy
as a result of increased
$ 950 billion
to carry water to the driest parts
and more need for water in the United
States as climate change
worsening droughts and disrupt the
existing patterns of water supply.
Subtotal of those
four hits *
2025 2050 2075 2100
$ 10 $ 43 $ 142 $ 422
$ 34 $ 80 $ 173 $ 360
$ 28 $ 47 $ 82 $ 141
$ 200 $ 336 $ 565 $ 950
$ 271 $ 506 $ 961 $ 1.873
Cost as a percentage of GDP
2025 2050 2075 2100
0.05% 0.12% 0.24% 0.41%
0.17% 0.23% 0.29% 0.35%
0.14% 0.14% 0.14% 0.14%
1.00% 0.98% 0.95% 0.93%
1.36% 1.47% 1.62% 1.84%
US Regions than
most at risk
Atlantic and Gulf
Atlantic and Gulf
Southeast and Southwest
The actual cost of all aspects of global warming, including economic losses, noneconomic damages and increased risks of disasters, will reach 3.6% of US GDP by 2100 if emissions are allowed to continue as they are.
The world economy will fall by 20% if global warming is not stopped, according to the report by economist Nicholas Stern, advisor to the government of Tony Blair. However, the cost of the necessary measures to reduce the environmental catastrophe not exceed 1% of global GDP.
The world economy will fall by 20% if global warming is not stopped, according to the report by economist Nicholas Stern, advisor to the government of Tony Blair. The richness of the Earth would be reduced by about 10 trillion euros and a higher economic collapse crack 29. However, the cost of the necessary measures to reduce the environmental catastrophe not exceed 1% of global GDP would occur.
The main cause of climate change are greenhouse gases. Today the carbon dioxide emission to the atmosphere exceeds 430 parts per million (ppm). At this rate, the report says that, within 30 years, the Earth’s temperature will have increased two degrees. In 2050, the temperature of the Earth will be five degrees higher than the difference between the current temperature and which existed in the ice age.
The increase in global temperature has a direct effect on the rise in ocean levels and global access to drinking water. With a degree, the small glaciers ice would melt. Two, between 20 and 30% of the population of the Mediterranean and South Africa have problems of water supply. Five degrees would mean the disappearance of Blangladesh or countries like Vietnam. Cities like London, New York, Hong Kong, Tokyo, Buenos Aires or Cairo would be under the sea.
Agriculture and crops also suffer the consequences of global warming. The report shows that farmland across Africa would be hard hit with only two degrees higher. Three degrees would cause 500 million people were exposed to famine due to drought. And four degrees warmer would make productive land in the world disappeared.
Hunger, water shortages and pollution problems, would bring the increase in diseases, even those who are now eradicated. Two degrees would cause between 40 and 60 million Africans sick from malaria, and the disease from spreading to regions of the Mediterranean and the United States. In addition, the World Health Organization warns that increase respiratory diseases, diarrhea and skin problems by the solar impact.
The most extreme temperatures would be, would be more droughts, more storms, more heat waves, more floods and typhoons would mean the loss of human lives and the disappearance of 40% of animal and plant species on the planet. A frightening future, although not as much as presaging James Lovelock: late century climate change would end 80% of the population.
Stern, however, is quite optimistic and explains that all is not lost, you can put the brakes on global warming and give a chance to future generations.
Reducing the effects of glogal warming, according to the report, go to diminish the demand for goods and services intensive in emissions of carbon dioxide; increasing coordination and sign agreements to promote research into clean and efficient electricity, heat and transport technologies; stop deforestation, which accounts for 18% of emissions of greenhouse gases behind electricity (24%); and the possibility of integrating policies for environmental protection within international development policies.
Civil society must organize and press for changes in the environmental policy of the international community. We must demand that the Kyoto commitments and UN recommendations to eliminate energy waste and abuse to Earth are met.
Global Solidarity Solidarity proposes as a solution the Green Fund 2% of global GDP, or failing Planetarium Army, saving roughly $ 1 trillion / year ,, which will address the climate emergency.