Delaying CO2 Caps Could Triple Short-Term Mitigation Costs, Say Economists

If you have confidence in the future of science, you might be inclined to believe that a technology solution decades from now could make CO2 clean-up cheaper and more effective than what is available right now. A group of economists argue just the opposite, they say that costs will be higher and that would make it less likely for decision-makers to ever push for a low-carbon economy. Global economic growth would be cut back by up to 7 percent within the first decade after climate policy implementation if the current international stalemate is continued until 2030, compared to 2 percent if a climate agreement is reached by 2015. read more

Read the whole article on

More from