False Alarm: How Climate Change Panic Costs Us Trillions, Hurts the Poor, and Fails to Fix the Planet

by Bjørn Lomborg

For the United States, hurricanes have cost 0.19 percent of GDP since 2000. Floods have cost 0.07 percent of GDP—that is less than Americans spend each year on fast food. It’s a large sum (Americans love fast food), but it’s far from a world-ending amount on a national scale.