Unseen Costs: Climate Crisis and its Economic Impact

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Source: Business Insider
Unseen Costs: Climate Crisis and its Economic Impact
Photo: Business Insider
TL;DR Summary

The true cost of extreme weather events in the US goes beyond the staggering financial figures, with countless hidden costs that are often overlooked. These include mental and physical trauma, environmental damage, and supply-chain disruptions. Rising temperatures and volatile weather patterns are leading to increased healthcare costs, reduced labor productivity, and devastating impacts on industries such as farming. Flooding, the most frequent and costliest natural disaster in the country, has long-lasting effects on communities and individuals. Inaction on climate change will only exacerbate these costs, while taking action to curb emissions and build resilience could create a world where extreme weather events are more manageable.

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