by Eric Holthaus, Grist
If you’ve heard anything about last week’s huge White House climate report, it might be that climate change could dent the economy up to 10 percent by 2100 — more than twice the impact of the Great Recession.
However, that number is a strange one to highlight. Yes, climate change hurts the economy — the hurricanes of the past two years alone have caused nearly half a trillion dollars of damages — but projecting that forward 80 years into the future is awash with unnecessary uncertainty. It’s a number gleaned from a graph buried deep in the assessment. The real takeaway is that climate change is already hurting people, today.
And as the years roll by, those impacts will get exponentially worse. In an era where the U.N.’s climate body says we only have 12 years left to complete the process of transitioning to a society that’s rapidly cutting carbon emissions, all the attention on far-off economic risks drastically understates the urgency of the climate fight.