Consumer Reports and Breakthrough Energy recently revealed the staggering economic impact of climate change on future generations. An American child born in 2024 is projected to face $500,000 to a million dollars in higher cost of living and reduced income over their lifetime due to the effects of global warming. Chris Harto, Senior Policy Analyst for Transportation and Energy at Consumer Reports, discusses these findings and provides insights on addressing climate change through individual actions, including efficient energy usage and sustainable commuting.
The social cost of carbon is a pressing issue with profound implications for future generations. While the Biden administration currently estimates this cost at $51 per ton of CO2 emissions, experts assert that the actual social cost may exceed $185 per ton. The article “Climate Change Could Cost Each American Born Today $500,000” delves into the specifics of this economic challenge.
If the provided article is too short or is just an author’s introduction, please consider this comprehensive article on Earth911 Podcast featuring Consumer Reports’ Chris Harto discussing the Lifetime Cost of Climate Change.
