‘Hidden costs’ of climate emergency are worsening California’s affordability crisis – report

University of California, Berkeley, study found that those who experience severe effects will see upto a $1m in costs

The climate emergency is significantly increasing costs for California households in the form of rising utility bills, lost wages and growing healthcare expenses, worsening the state's affordability crisis, according to a sweeping new report.

The average American born in 2024 will likely face up to $500,000 in additional lifetime costs from climate crisis, and those who experience more severe effects will see up to $1m in costs, the Costs of Climate Change: Financial and Economic Impacts on California report states.