Florida and Climate Change: The Costs of Inaction
Report commissioned by the Environmental Defense FundAuthor(s): Stanton, E.A. ; Ackerman, F.
The report is the first detailed analysis on the potential consequences of continued climate change for the state's economy. The report concludes that if left unchecked, climate change will significantly harm Florida's economy in the next several decades, and that impacts on just three sectors: tourism, electric utilities, and real estate together with effects of hurricanes would shrink Florida's Gross State Product by 5% by the end of this century.
"The bad news is that unconstrained climate change will hit Florida's economy hard," said Dr. Frank Ackerman of Tufts University's Global Development and Environmental Institute and the Stockholm Environment Institute-U.S. Center, one of the report's lead authors. "But the good news is that these impacts can largely be avoided by taking action in the near future to rapidly stabilize overall emissions of the greenhouse gas emissions that cause climate change."Download PDF