Climate events have cost the US economy more than $500 billion over the last 5 years, Fed official says

Australia News News

Climate events have cost the US economy more than $500 billion over the last 5 years, Fed official says
Australia Latest News,Australia Headlines
  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

Global warming is expected to severely disrupt business operations and economic activity in the coming years.

Climate- and weather-related events have directly cost the US more than $500 billion over the past five years, according to a Federal Reserve official. In addition to causing damage to natural resource and infrastructure, global warming is expected to disrupt business operations and economic activity in the coming years. In January, top economists from both sides of the aisle signed a letter that said climate change was"a serious problem calling for immediate national action.

Climate- and weather-related events have directly cost the US more than $500 billion over the past five years, according to a Federal Reserve official. In addition to causing damage to natural resource and infrastructure, global warming is expected to disrupt business operations and economic activity in the coming years. In January, top economists from both sides of the aisle signed a letter that said climate change was"a serious problem calling for immediate national action.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

BusinessInsider /  🏆 729. in US

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

U.S. Fed proposes delaying single counterparty rule for foreign banksU.S. Fed proposes delaying single counterparty rule for foreign banksThe U.S. Federal Reserve on Friday proposed delaying a new rule limiting foreign...
Read more »

'We're fighting for our lives' – US apple farmers endure major crop and profit losses as climate changes'We're fighting for our lives' – US apple farmers endure major crop and profit losses as climate changesClimate change is posing an existential threat to the precarious lives of farmers across the country. 'We've seen such dramatic, frightening crop losses,' says Elizabeth Ryan, a longtime farmer in Hudson Valley, New York.
Read more »

WSJ News Exclusive | Tencent Looks to Leverage Its Partnership With Nintendo in the U.S.WSJ News Exclusive | Tencent Looks to Leverage Its Partnership With Nintendo in the U.S.World’s biggest videogame maker seeks a greater U.S. presence by emulating Japan’s Nintendo Co., with more console games designed for the U.S. market.
Read more »

AP investigation: Aging US dams pose risk to thousandsAP investigation: Aging US dams pose risk to thousandsA more than two-year investigation by AP finds that nearly 1,700 dams in the U.S. are in poor or unsatisfactory condition. And many are looming over homes, businesses, highways or entire communities.
Read more »

Smithsonian, US Army partner to preserve culture amid warSmithsonian, US Army partner to preserve culture amid warThe U.S. Army Reserve and Smithsonian are partnering to establish a modern-day 'Monuments Men' program, reviving a cultural preservation effort with roots in WWII.
Read more »

AP finds thousands face risk because of aging US damsAP finds thousands face risk because of aging US damsOn a cold morning last March, Kenny Angel got a frantic knock on his door. Two workers from a utility company in northern Nebraska had come with a stark warning: Get out of your house. Just...
Read more »



Render Time: 2025-03-11 22:02:04