Solomon Hsiang, Robert Kopp, Amir Jina, Michael Delgado, James Rising, Shashank Mohan, Robert Muir-Wood, D. J. Rasmussen, Michael Mastrandrea, Paul Wilson, Kate Larsen and Trevor Houser (2014). American Climate Prospectus: Economic Risks in the United States.
In the NewsWashington Post February 6, 2019
Wildfires, hurricanes and other extreme weather cost the nation 247 lives, nearly $100 billion in damage during 2018
Ferocious wildfires that consumed entire California neighborhoods. Devastating hurricanes that inundated communities from Florida to North Carolina. Brutal hailstorms in Colorado and Texas. Tornadoes across the Midwest and South. A record deluge in Hawaii. Those catastrophes and others were among the 14 billion-dollar weather and climate disasters to hit the United States during 2018, according to data released Wednesday by the National Oceanic and Atmospheric Administration. Extreme weather cost the US $306 billion in 2017 and $91 billion in 2018, according to the federal government. "If we really continue to sustain costs like this going forward, many elements of the way we’ve managed resources in society are just not financially sustainable,” said Lab co-director Sol Hsiang of UC Berkeley's Goldman School of Public Policy. This story also cites a 2014 analysis by our partners at Rhodium Group projecting increased coastal storm damage in the 2030s if climate change continues unabated.
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The American Climate Prospectus (ACP) provides a groundbreaking new analysis of climate risks by region of the country and sector of the economy. By linking state-of-the-art climate models with econometric research of human responses to climate variability and cutting edge private sector risk assessment tools, the ACP offers decision-makers a data driven assessment of the specific risks they face.Read