Climate-change impacts are projected to cause large market and non- market damages . By end of century under higher GWL scenarios , these damages are expected to reach several tens of billions of USD annually in Canada and hundreds of billions annually in the USA. Losses in labour productivity and wages, and damages to coastal properties, will be especially large; however, all sectors in the USA and most sectors in Canada are projected to see substantial relative damages on high-emission pathways by mid- to end of century compared with lower-emission pathways. Economic sectors with hard limits to adaptation  or that are highly affected by climate variability  will be at more risk at lower temperatures than other economic sectors . Strategic implementation of adaptation strategies coupled with lower-emissions scenarios result in multi-billion-dollar reductions in economic damages .
IPCC
Climate Change 2022: Impacts, Adaptation and Vulnerability
IPCC Report