Marshall Burke says climate change has already cost US economy $1 Trillion | Forbes

Last week, Marshall Burke spoke in front of Congress about the threat of climate change to the U.S. economy.

“Climate change will take its toll across the economy, in some unexpected places, a panel of experts told members of Congress last week.

Unmitigated climate change has already cost the U.S. economy $1 trillion, said economist Marshall Burke, an assistant professor of earth system science at Stanford University, and that cost will rise to $5 trillion by 2050.

“For many people, climate impacts are most closely associated with rising seas and declining crop yields. These impacts are certainly important, but in fact are likely to only be a small part of the overall economic consequences in the U.S.,” Burke told members of the House Committee on Financial Services.”

Read more: Eight More Effects of Climate Change: Some Surprising, Some Fatal