The Impact of Climate Change on GDP Growth and National Wealth
Addressing climate change could cost the U.S. in the trillions of dollars in the future. How the nation will finance such a costly venture is yet to be determined. The upside of these expenditures is an increase in economic activity and GDP. The downside is that the economic activity might not improve the next generation's standard of living significantly because a significant amount of human and produced capital will be devoted to fighting the effects of climate change.