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ESG Insider: A podcast from S&P Global

How climate change is impacting US economy, human health and agriculture

Jan 5, 2024
35:39
Snipd AI
Learn how climate change is impacting the US economy, human health, agriculture, and food supply chains from experts in the field. Explore the economic losses in various sectors, the effects on human health, and the challenges faced by insurance systems. Discover the disproportionate impacts on marginalized communities and the need for adaptation and mitigation actions. Find optimism in our ability to overcome the obstacles of climate change and the importance of sustained focus and action from both the private and public sectors.
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Quick takeaways

  • The US government's 5th National Climate Assessment report highlights the increasing frequency and severity of climate change impacts in the country, with extreme events costing close to $150 billion annually, impacting various sectors such as agriculture, transportation, and healthcare.
  • The report underscores the direct and indirect economic impacts of climate change on the US economy, affecting sectors such as agriculture, transportation, tourism, healthcare, and real estate, warning that future climate changes will further disrupt trade and supply chains, requiring proactive measures and adaptation strategies.

Deep dives

Key Takeaways from the US Government's 5th National Climate Assessment

The US government's 5th National Climate Assessment report highlights the increasing frequency and severity of climate change impacts in the country. The report reveals that the US experiences a billion-dollar weather or climate disaster every three weeks, with extreme events costing close to $150 billion annually. The report focuses on concrete examples and solutions, exploring the impacts of climate change on the US economy, human health, coastal regions, and agriculture. The findings indicate that the economic costs of climate change are substantial, affecting various sectors such as agriculture, transportation, and healthcare. Furthermore, the report emphasizes the disproportionate impacts of climate change on marginalized communities, highlighting regional disparities and vulnerable populations.

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