When the urban heat island effect was taken into account, they found that the economic cost of climate change for these cities would be 2.6 times higher than previously thought. (seeker.com)
To be fair, the $ 150 billion as cost of climate change was repeated by many media outlets. (rogerpielkejr.blogspot.ru)
The benefits and costs of climate change for industry, settlement, and society will vary widely by location and scale. (bbc.com)