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Report: Climate change could cost the US many billions

Climate change could be end up being a very expensive affair for the US, according to a new report.

Photo: Ritzau Scanpix/AP Polfoto/Evan Vucci

Climate change is already being felt in the global economy.

But in a number of years the phenomenon could cost the US several hundreds of millions of US dollars annually, unless drastic measures are taken to reduce greenhouse gas emissions, according to the recently published fourth National Climate Assessment.

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