Ocean damage nearly doubles the cost of climate change
Text settings Story text Size Small Standard Large Width * Standard Wide Links Standard Orange * Subscribers only Learn more Minimize to nav The global cost of greenhouse gas emissions is nearly double what scientists previously thought, according to a study published Thursday by researchers at the University of California, San Diego’s Scripps Institution of Oceanography. It is the first time a social cost of carbon (SCC) assessment—a key measure of economic harm caused by climate change—has included damages to the ocean. Global coral loss, fisheries disruption, and coastal infrastructure destruction are estimated to cost nearly $2 trillion annually, fundamentally changing how we measure climate finance. “For decades, we’ve been…
