Failing to take action on the climate crisis and surrendering to a worsening spiral of wildfires, heatwaves, flooding, and extreme storms, could leave the federal government with an annual bill of $2 trillion by the end of the century, according to new federal analysis. The analysis, conducted by the chief economist in the White House’s Office of Management and Budget (OMB), and the associate director for climate, energy, environment, and science, found that US gross domestic product (GDP) could be slashed 3 to 10 per cent by the end of this century. At the top of that range, global warming would lead to a loss of federal revenue of 7.1 per cent, or $2 trillion, each year.

The post US Facing Up To $2 Trillion Bill Each Year From Climate Crisis By 2100, Says White House appeared first on PopularResistance.Org.

This post was originally published on PopularResistance.Org.