MA Climate Change Assessment: Top Impacts in the Economy Sector

Impacts to people’s ability to work and make a living, due to damages to infrastructure, our natural environment, or people’s health, and people’s ability to find affordably priced housing

Extreme events, dangerous heat, and transportation delays will all affect business and people’s ability to work, earn a living, and make a home. Less productive fisheries and changing agricultural yields cause indirect impacts throughout the Commonwealth’s economy. Increased risk of flooding, climate-driven relocation, and stronger building standards put pressure on housing supply and demand, impacting housing affordability.

Overview

This Climate Assessment considers impacts across five sectors which represent major categories of projected impacts of climate change with common groupings of exposed assets, individuals, or resources, and that generally fall under the responsibility of similar state agencies. The primary objective of the Climate Assessment is to identify urgent climate risk statewide, as well as by each region and sector. Risk rankings were developed through discussions with the project working group and stakeholders, and considered:  

risk ratings graphic
  • How big of a climate effect will this have? Quantitative and qualitative indicators of the scale of potential impact, analyzed under the defined future climate scenario.    

  • Will populations living in environmental justice areas be disproportionately affected? Demographic analysis of the distribution of impact across populations, particularly the Commonwealth’s identified environmental justice and socially vulnerable groups.   

  • Are we currently doing enough to adapt to this impact? Assessment of current and planned adaptation plans and actions, and the potential benefits of additional adaptation action.  

Sectors are a helpful organizational structure and allow for the prioritization across impacts with similar types of effects. However, it is important to note that the effects of climate change do not fall neatly within the defined sectors, and there are many interactions between impacts both within and across sectors. To the extent possible, these interactions are noted in the Climate Assessment in order to help draw these connections that may not be seen in the quantitative sectoral analysis. 

Full List of Impacts in the Economy Sector

Nine impacts were evaluated within the Economy Sector. Detailed assessments for the most urgent impacts can be found below and in Chapter 4 of Volume II. Details for the remaining impacts can be found in Appendix A

Full list of impacts by urgency ranking. click this link for a text version of this graphic.

Most Urgent Impact: Reduced Ability to Work

More frequent extreme heat days leads to lost wages and decreased productivity, as do increasing incidence of climate-induced health effects (e.g., asthma, allergies, vector borne disease, extreme heat). Weather-induced disruptions to transportation and ability to work may also lead to lost wages and worker productivity. Impacts are felt most by workers in outdoor industries, those who rely on public transportation, and those who care for others at home.

Most Urgent Impact: Decrease in Marine Fisheries and Aquaculture Productivity

Changes in water temperature regimes and acidification in the marine environment change fish habitat and alter commercial landings and revenue, including effects on related industries. 

Most Urgent Impact: Reduction in the Availability of Affordably Priced Housing

An increase in demand for affordably priced housing and a decrease in supply worsens the scarcity of housing that is affordable, further exacerbating the known inequities in access to affordably priced and healthy housing. Demand for affordably priced housing can result if people are forced to relocate either due to direct damage to existing housing or because of climate-related economic pressures. The supply of affordably priced housing is reduced due to direct physical damage from climate impacts and potentially higher construction costs to increase resilience to threats from climate change. 

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