After an unprecedented number of billion-dollar extreme weather disasters across the United States last year, advocacy groups on Friday released an updated “Cost of Inaction Ticker” estimating the price of not tackling the fossil fuel-driven climate emergency.

Launched by the Climate Action Campaign and other groups in 2022, the ticker is based on data from the National Oceanic and Atmospheric Administration (NOAA), which found that 2023 was the hottest year on record and the 28 disasters that caused at least $1 billion in damage collectively cost Americans at least $92.9 billion, or $2,945.84 per second.

To put that $2,945.84 into perspective, the coalition behind the ticker noted on its webpage that the per-second cost is comparable to about two months of rent, four months of childcare, or seven months of car or health insurance payments.

“Every day that goes by without climate action is estimated to cost at least $254 million, based on recent trends, and […]