July 13, 2022

Source: Grist

Excerpt:

The United States has caused more damage to global economies than any other nation by burning fossil fuels, causing $1.9 trillion in lost gross domestic product between 1990 and 2014, according to a new study released Tuesday by Dartmouth College. 

Environmental advocates have warned for years that greenhouse gas emissions from wealthy nations are triggering devastating climate impacts like droughts, heat waves, floods, and hurricanes, leading to income losses in poorer countries. But the Dartmouth researchers put a number to that assertion, finding that the five largest emitters – the U.S., China, Russia, India, and Brazil – collectively caused $6 trillion in losses worldwide, or about 14 percent of annual global GDP, over the study’s quarter-century period. 

Read more: US emissions cost the world $1.9 trillion in economic damages