How Will The Climate Crisis Affect The U.S. Economy (CNBC)

As the climate crisis continues to pose a global threat, top economists are debating its effects on the U.S. economy. In this episode of “The Bottom Line”, see how renowned economists like Jeffrey Sachs and Mark Zandi forecast the economic impact.

Text above is from original video description.

Video summary:

• Climate change is expected to have significant economic implications with physical risks increasing in frequency.
• Businesses recognize the need to transition to green energy but lack specific plans and guidance.
• The economic cost of climate change could lead to collapses in economic activity, lack of water, and desertification in severely affected countries.
• “There is a need for structural changes, such as directing capital towards climate change and the energy transition, and for new institutions or rules to enable the use of new technologies and prevent further polarization of society.”

Published video title: “How Will The Climate Crisis Affect The U.S. Economy | The Bottom Line”