07 May 2026
The price of being a large emitter - US & EU
On 25th March 2026, a study from Stanford on emissions damage accounting found the US to be the largest emitter of greenhouse gases between 1990 and 2020, responsible for $10.2 trillion (£7.6 trillion) of global harm. They also concluded that the US had suffered the most substantial losses of any country, valued at $16.2 trillion (£12.2 trillion), due to climate collapse. After the US, the EU was estimated to have endured the second-largest economic hit, valued at $6.4 trillion (£4.8 trillion).
Quantifying climate loss and damage consistent with a social cost of carbon