Climate change poses growing risk to US, world economies: govt study

Tampa (AFP) – Climate change is already hurting the US and global economies and its effects will get worse unless more drastic action is taken to cut carbon emissions, a major US government report warned on Friday.

“Without substantial and sustained global mitigation and regional adaptation efforts, climate change is expected to cause growing losses to American infrastructure and property and impede the rate of economic growth over this century,” said the latest edition of the National Climate Assessment.