Climate Change’s $150 Billion Hit to the U.S. Economy (WSJ)

https://www.wsj.com/science/environment/climate-change-us-economy-c9fbda96?reflink=integratedwebview_share

Consequences will worsen unless more is invested in clean energy and cities adapt to changing environments, a federal report finds

The U.S. now experiences an extreme weather event in which damages and costs top $1 billion every three weeks.

That compares with every four months in the 1980s, when adjusted for inflation, according to the latest installment of the U.S. National Climate Assessmentreleased Tuesday.

For the first time, the assessment includes a separate chapter on the economic impacts associated with climate action.

Author: Christopher K. Merker, Ph.D., CFA

Christopher K. Merker, PhD, CFA, is a director with Private Asset Management at Robert W. Baird & Co. He holds a PhD in investment governance and fiduciary effectiveness from Marquette University, where he has taught the course “Sustainable Finance” since 2009. Executive director of Fund Governance Analytics (FGA), an ESG research partnership with Marquette University, he is a member of the CFA Institute ESG Working Group, an international committee currently exploring ESG standards, publishes the blog, Sustainable Finance, which covers current topics around governance and sustainability in investing, and is co-author of the book, The Trustee Governance Guide: The Five Imperatives of 21st Century Investing.