Abbey Abramson

  The Cost of Carbon: Fossil Fuels and their Legacy The economic cost of carbon emissions has financial burdens on societies worldwide The Economic Cost of Carbon Emissions Being one of the most pressing issues of our time, the economic cost of carbon emissions reflects the direct and indirect financial burdens imposed on societies worldwide. Its major costs directly come from damages to infrastructure, disruptions to industries, public health expenses, and climate change inaction , among other factors. This sub-topic explores the multi-faceted economic costly impacts of carbon emissions, focusing on climate-related disasters, product and productivity losses, and the uneven burden on developing and developed countries. Direct Costs: Climate-Related Disasters and Infrastructure Damage ($275 billion globally) The economic costs associated with GHG emissions are clearly illustrated through various events created by hurricanes, floods, droughts, and wildfires, among other climate-...