Trump claims his pollution rollback will save Americans money – but climate change is raising household costs

By Meilan Yan, Senior Lecturer in Financial Economics, Loughborough University
Dalu Zhang, Lecturer in Finance, University of Leicester

Climate change is usually assessed in scientific terms – rising temperatures, sea levels and carbon emissions. But increasingly, it can also be measured in household bills – higher insurance premiums, steeper energy charges and growing costs to protect homes, travel and health. So when US President Donald Trump said recently that abandoning a key government ruling on greenhouse gases would make cars cheaper for Americans, he was focusing on a tiny piece of a huge picture.

That is because climate change…

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