The High Cost of Global Warming

Deloitte Report: Inaction on Global Warming and Climate Change as a Result Could Cost the U.S. Economy $14.5 Trillion by 2070

‘Global Warming' is the climate system of the world observed since the human-induced, pre-industrial era (between 1850 and 1900), which imprisons the temperature in the Earth's atmosphere and increases greenhouse gas levels, particularly fossil fuel burning. Long-term It's warm.

Paris AgreementOn December 12, 2015, at the end of the Paris Climate Summit, it was accepted with the participation of 195 countries, signed by 175 countries including Turkey on April 22, 2016, and formality processes were completed.

The UNIDÇS 21st in Paris in 2015, which forms the framework for the post-2020 climate change regime. It was adopted at the Conference of the Parties. As of October 5, 2016, the agreement was enacted as of November 4, 2016, as a result of meeting the requirement that at least 55 parties, which account for 55% of global greenhouse gas emissions, ratify the agreement.

If the U.S. economy accelerates low-emission growth efforts, it could earn $3 trillion over the next 50 years.

Deloitte's report shows that if carbon is rapidly decarbonized over the next 50 years, the U.S. economy could earn $3 trillion. Published by Turning Point (Turning PointAccording to the report )This transformation can occur once in every generation. 

Deloitte's analysis, towards the end of the century Global Warming If it reaches 3C, it shows that economic damage will grow and affect every sector and region in the United States. This will make it difficult for people to live and work because of heat stress, rising sea levels, damaged infrastructure, and reduced agricultural efficiency. Deloitte's analysis shows that insufficient action on climate change will affect the U.S. economy over the next 50 years. $14.5 trillion It shows that it can be property. A loss on this scale, GDP It is equivalent to about 4% or $1.5 trillion in just 2070. 

In the same report, the United States lays out a scenario of four basic stages for climate transition:

1. Starting today, by 2025, the public and private sector are quickly making bold decisions for the transition to renewable energy. This includes the conversion of the electric value chain, such as storage and transmission, which provides parallel and synchronized advances in mobility, industrial and food systems.
2. The acceleration to net zero between 2026 and 2040 creates major economic changes in policy, energy systems, investment priorities, and consumer behavior. 
3. Between 2041 and 2050, the turning point where the benefits of transition outweigh costs, carbon decarbonization of high-emission industries is almost complete. The costs of sustainable technologies are reduced and wider net economic gains are achieved. 
4. In 2050 and beyond, the U.S. economy undergoes a radical transformation and becomes more competitive globally in core industries. The economy achieves net zero emissions by operating in a world that keeps global warming below 2C.

The United States has the technology, capital, infrastructure and skilled workforce needed to make this transition possible at the least cost. While governments and industries are investing in low-emission growth, the U.S. economy can make extraordinary gains in a single generation with this transformation. 

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