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January 4, 2019

Warming could cost Alaska $700M a year

  • A new study projects that climate change could cost the state up to $700 million per year due to infrastructure damage and coastal erosion.
  • ANCHORAGE (AP) — The effects of climate change could cost Alaska hundreds of millions of dollars per year in the coming decades, according to a new study.

    The Institute of Social and Economic Research at the University of Alaska Anchorage has projected that the warmer climate could cost the state a net loss of $340 million to $700 million per year, the Alaska Journal of Commerce reported Wednesday.

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