The Peterson Institute for International Economics (PIIE) is an independent nonprofit, nonpartisan research organization dedicated to strengthening prosperity and human welfare in the global economy through expert analysis and practical policy solutions.
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Prepared statement for spotlight testimony before members of the US Senate Committee on Environment and Public Works “Climate Change is Driving Up Household Costs.”
Ranking Member Whitehouse and members of the committee, thank you for inviting me to share my views on the financial consequences of climate change for American households. My testimony documents how climate change is already imposing substantial and measurable costs on US households—costs that will escalate considerably if the underlying drivers remain unaddressed.
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