Study: Climate change will perpetuate U.S. inequality

Lisa Nickolau, HUMANOSPHERE
Unmitigated climate change will make much of the United States poorer and generally exacerbate rising wealth inequalities, according to a new study.
For every one degree Celsius rise in global temperatures, the study projects that the country will lose about 1.2 percent of its Gross Domestic Product. The economic impact of climate change will not be uniform, say the researchers in this week’s Science magazine, with a few regions possibly experiencing gains.
“Unmitigated climate change will be very expensive for huge regions of the United States,” said lead author Solomon Hsiang, a professor of public policy at the University of California-Berkeley, as reported by Reuters.
“If we continue on the current path, our analysis indicates it may result in the largest transfer of wealth from the poor to the rich in the country’s history.”
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