Guardian: "US has caused $10tn worth of climate damage since 1990, research finds"

by Oliver Milman

Gernot Wagner, a climate economist at Columbia Business School, said that “past emissions add up fast, and the damages from those emissions add up faster still. Paying the full social cost of carbon for future CO₂ and other greenhouse gas emissions pays for itself many times over.”

Quoted in: "US has caused $10tn worth of climate damage since 1990, research finds" by Oliver Milman, Guardian (25 March 2026).

Study: "Quantifying climate loss and damage consistent with a social cost of carbon" by Marshall Burke, Mustafa Zahid, Noah S. Diffenbaugh & Solomon Hsiang, Nature (25 March 2026).

Featured Articles

View All

The trend is clear. So are the challenges. One key task is to de-risk capital investments to lower costs. This is where public climate finance must play its most critical role – not as charity, but as leverage.

25 Jul 26