Climate change will have an impact on economiv growth over the next decade – and not for the better. North America is no exception, but it is better off than the rest of the world.
By 2050, climate change will shrink the US economy by 1.1%, according to a report from the Economist Intelligence Unit. The same holds true for North America’s economy as a whole, according to the report. Natural catastrophes, such as wildfires and droughts, for example, will continue to be a drag on the economy with worsening climate conditions.