Climate Change Is Already Costing U.S. Households Up to $900 Per Year

https://heatmap.news/economy/climate-costs-insurance

by silence7

3 comments

  1. From the article:
    > Their research has not yet been peer reviewed, but the authors found that even using what they describe as a “narrow accounting” method — looking only at climate impacts from heat and extreme weather on household budgets and mortality — there were “sizable costs to U.S. households from recent climate change patterns.” Those started at $400 per year and went as high as $900 depending on how extreme weather were attributed to climate change, adding up to an aggregate cost of about $50 billion to $110 billion nationwide.

    Sorry about the hard paywall; there is no other coverage yet.

    [The working paper that the article is about is open-access](https://www.nber.org/system/files/working_papers/w34525/w34525.pdf)

  2. $900 per year for climate damage but people still complain about a carbon tax that’d be like half of that. We’re literally paying more to suffer than we’d pay to fix it

  3. We’re looking at $1000/year increase in home insurance in California on average just in the past few years.

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