US will pay dearly for climate inaction, study finds

The US is facing hundreds of billions of dollars in weather-related damages if it does not act urgently on climate change, the first-ever comprehensive economic assessment of the problem was reported as saying.

The report, "The U.S. Economic Impacts of Climate Change and the Costs of Inaction", from the University of Maryland's Centre for Integrative Environmental Research, said the costs of not acting on climate change, on US infrastructure and its agricultural, manufacturing and public service sectors, will far outweigh the costs involved in making the needed reductions in greenhouse-gas emissions.

"We're making billions of dollars of infrastructure investments every year and often without taking impacts of climate change into account,"
said the report's co-author Matthias Ruth.

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