SchwartzReport: Economics of Action Now on Climate Change = 40% Savings

Commerce, Earth Intelligence, Ethics, Government
Stephan A. Schwartz
Stephan A. Schwartz

This is why what Senator Inhofe did was so very wrong. An entire country, indeed the world, will pay in suffering and coin, because a tiny group of corrupted politicians, of which he is an American leader, blocked any preparation or remediation.

Delay Action on Climate Change by 10 Years and Costs Rocket 40%: Report

The longer the U.S. holds off action to mitigate climate change, the more costly the effort will become, a new report shows

A new report estimates the cost of mitigating the effects of climate change could rise by as much as 40% if action to reduce greenhouse gas emissions is delayed 10 years – immediately outweighing any potential savings of a delay.

The White House’s Council of Economic Advisers, U.S. President Barack Obama’s source for advice on economic policy, compared over 100 actions on climate change laid out in 16 studies to extract the average cost of delayed efforts. Released Tuesday, the findings suggests policymakers should immediately confront carbon emissions as a form of ‘climate insurance.”

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