consumer report and breakthrough energy We recently published numbers on the social cost of carbon, calculating the cost of climate change to every American child born in 2024.They are American children Face cost of living increases and income decreases of $500,000 and $1 million As the planet warms, livelihoods and food supplies will be disrupted during their lifetimes, reducing return on investment. Chris Harto, senior policy analyst for transportation and energy at Consumer Reports who led the nonprofit magazine's research efforts, joins the conversation to discuss the economic consequences of a warming planet. Chris discusses his findings and shares Consumer Reports. Climate change countermeasure servicesand tips on how to reduce the impact today. household energy and commute To free our children and their descendants from the burden of climate change.
The social cost of carbon is commonly expressed as trillions of dollars in additional living costs for future generations. The Biden administration pegs the social cost of carbon in tons of emissions, currently estimating future costs at $51 per ton of carbon dioxide emitted today. Researchers at the University of California, Berkeley and Resources for the Future say the science-based estimate of $185 per ton is more than 10 times higher than the Trump-era estimate of $5 per ton. far below the dollar. So it's hard to imagine it having any real impact on us or our grandchildren. The article “Climate change could cost each American born today $500,000” is available at https://www.consumerreports.org/home-garden/climate-change/the-per-person -financial-cost-of-climate-change- a6081217358/