DATE: August 22, 2016
SNIP: Americans in their 20s and 30s could lose trillions of dollars in potential lifetime earnings as climate change disrupts the global economy and weakens U.S. productivity, according to a new report by NextGen Climate said.
Despite NextGen’s Democratic bent, the report’s main findings — that climate change will deprive millennials of potential earnings — is based on a nonpartisan study by researchers at Stanford University and the University of California, Berkeley.
That study, published in the journal Nature last October, estimated that climate change could cause 10 times as much damage to the global economy as previously estimated.
The researchers said that higher global temperatures could reduce average global incomes by nearly a quarter, compared to a world without climate change.