NEW ORLEANS [AP] — Global warming, fiercer and more frequent hurricanes and environmental degradation could result in $350 billion in losses over the next 20 years for the Gulf Coast.
That’s the risk assessment of an analysis commissioned by Entergy Corp.
Wayne Leonard, the chairman and CEO of Entergy, calls the report a “call to arms” to the Gulf Coast’s governors, policy makers and oil and gas companies to wake up to the threat of climate change and do much more to invest in preparing for a risky future.
The Entergy study found that on average, the Gulf region suffers losses of about $14 billion a year.
But over the next 20 years, losses are expected to rise to between $18 billion and $23 billion a year, depending on the severity of global warming.
