US to suffer huge losses due to climate change

Written by Reuters | New York | Updated: Jun 25 2014, 06:17am hrs
Annual property losses from hurricanes and other coastal storms of $35 billion; a decline in crop yields of 14%, costing corn and wheat farmers tens of billions of dollars; heat wave-driven demand for electricity costing customers up to $12 billion a year.

These are among the costs that climate change is expected to exact in the United States over the next 25 years, according to a bipartisan report released on Tuesday. Called Risky Business, the report, based on data from past heat waves, projects climate impacts at scales as small as individual counties.