The Impact of Climate Change on Long-Term Economic Growth in China and The United States: Challenges and Opportunities

Abstract

Climate change significantly impacts the long-term economic growth of the two world economies, China and the United States. This paper analyzes the impact of extreme weather caused by climate change on China and the United States regarding water resources, agriculture, infrastructure, and energy. In China, the reliance on coal and the need for early warning of sea level rise in convenience facilities have led to large investments in green energy, urban resilience, and rural infrastructure. In the United States, the economic consequences of extreme weather such as hurricanes and wildfires have highlighted the need for events to modernize infrastructure and transition from fossil fuels to renewable energy. This paper argues that China and the United States show that active cooperation and competition in climate adaptation and early warning can promote global economic and environmental dynamics. By addressing these challenges and taking advantage of emerging opportunities, sustainable economic growth can be achieved.