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Here’s how painful the economic loss will be for the U.S. from unchecked climate change: Deloitte

On March 10th, 2022

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Another Industrial Revolution: Climate action could deliver a $3 trillion gain to the U.S. economy from now to 2070, says Deloitte Economics Institute

Definitive and deliberate climate action from Wall Street to Washington and beyond could deliver a $3 trillion gain to the U.S. economy over the next 50 years to 2070. But it’s the toll of inaction that would cost the nation nearly five times that amount, a leading business consultancy says.

A new report this week from the Deloitte Economics Institute shows that the U.S. could expand by $3 trillion if it rapidly decarbonizes, meaning becomes less-reliant on fossil fuels CL00, -1.97% and instead advances the technology for expansive renewable energy TAN, -0.78%, over the next 50 years.

REPOSTED FROM MARKETWATCH.COM - READ FULL ARTICLE HERE

AFP VIA GETTY IMAGES

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