Climate change and its costly future for the US economy

Climate change is emerging as one of the most important challenges of the 21st century, not only from an environmental perspective, but also from a financial perspective. In the United States, the debate about how this crisis will affect the country's economy has become the focus of many investigations and analyzes conducted by prominent economists. The transition to a sustainable economy and the cost of natural disasters are key points in these discussions.

Mark Zandichief economist at Moody's AnalyticsHe cited “physical risks” as the most important economic cost United State Over the next 10 to 20 years.

Interview by CNBCHe explained that these risks include damage resulting from natural disasters, which occur with greater frequency and severity due to… Climate change. In parallel, Zandi stated that transition costs are linked to the displacement of the economy in which it dominates Fossil fuels The move toward a green energy economy will also put significant pressure on the U.S. economy.

Jeffrey SachsProfessor of Economics at Columbia UniversityHe highlighted the importance of the global shift towards clean energy In the next 25 years. The specialist noted that a coordinated global effort was needed from then on United State If this transition is to be led, it is crucial that other countries also adopt similar measures to effectively combat terrorism Climate crisis.

On the other hand, former US Secretary of Labor, Robert Reich, pointed out: nbc Not all countries have the financial resources necessary to invest in the transition to green energy. In this sense, he explained that it is the poorest countries that face the greatest difficulties in adapting to this new economic and environmental reality.

while, Nouriel RoubiniProfessor of Economics at New york universityHe said there would be increasing pressure from the owners and society to achieve environmental transformation. This change is not only necessary from an environmental perspective, but is also necessary to ensure long-term economic sustainability.

finally, Mariana MazzucatoTeacher University College LondonHe stated that it would be important to unite communities, workers, public and private institutions in creating value collectively and directed towards a common goal. This collaborative vision is essential to address the challenge of climate change and promote a green and inclusive economy at the same time.

Opinion gathered from various financial experts suggests that for the United States and the rest of the world to remain financially unaffected, they must take collective action, invest in sustainable technologies and commit to the transition to green energy, because only then will they be able to do so. Be able to have a more sustainable future.