Global Reverberations Of The Changing Climate
Climate Change Damage in China Could Harm U.S. Economy, Study Finds
Tim Radford, May 30, 2018 (EcoWatch)
“…[C]limate change remains a global problem, with China's climate impact, for instance, hurting the economy of the U.S…Disastrous flooding—likely to increase as the world warms, and ever more water enters the atmosphere—in one country could reverberate in ways that could harm another nation's economy…[According to new German research, China could experience a total of $380 billion in economic losses over the next 20 years: this adds up to about 5 percent of the nation's annual economic output…About $175 billion of total losses could be attributed to future climate change—and as these losses are passed down the global trade and supply network, the U.S. and the European Union could be most affected…If so, river flooding in China alone—aside from the ever-greater extremes of heat and windstorm that are predicted to arrive with higher temperatures—could bring U.S. losses of up to $170 billion in the next 20 years…” click here for more
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