LONDON (Reuters) – Climate change will likely cost every global citizen something in the years ahead, although the payback will be much greater, policymakers, scientists and officials told a Reuters summit this week.
“I think it will be every citizen, (but) that bill may not in the end be as high for the individual as it’s often made out to be,” said Achim Steiner, head of the U.N. Environment Program.
Not overtly spending now on the fight against climate change would still cost something, effectively borrowing from the future at the cost of future damage of widely expected extreme weather including floods, drought and sea level rise.
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