HomeBusinessU.S. emissions caused $1.8 trillion in global economic losses: study

U.S. emissions caused $1.8 trillion in global economic losses: study

An aerial view of Phillips 66 oil refinery is seen in Linden, New Jersey, United States on March 8, 2022.

Tayfun Coskun | Anadolu Agency | Getty Images

The U.S. and China, the world’s two greatest greenhouse gas emitters, have each caused global economic losses of more than $1.8 trillion from 1990 to 2014, according to a new Dartmouth College study that connects emissions from individual countries to the economic damage of climate change in others.

The report, published in the journal Climatic Change on Tuesday, found that a few top emitter countries are responsible for causing major economic losses for poorer countries that are more vulnerable to global warming.

Researchers said that climate change has saddled countries with economic losses by damaging agricultural yields, reducing labor productivity and curbing industrial output.

Just five of the world’s top emitters of greenhouse gases…

Read more at www.cnbc.com

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