A new study conducted by Stanford University finds that U.S. carbon dioxide emissions since 1990 have caused more than $10 trillion in global economic damages. According to the research, published in Nature, about $3 trillion of those damages occurred within the United States.
The study, titled Quantifying Climate Loss and Damage Consistent with a Social Cost of Carbon, introduces a new framework for calculating loss and damages from climate change, highlighting the economic burden of past emissions.
Researchers estimated climate losses and damages (L&D) from CO₂ emissions by adding together three types of harm. First, they counted the damages that has already happened due to past emissions. Second, they included the future damages that will still result from those past…
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