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Diane Publishing Books
Cost of Delaying Action to Stem Climate Change
Jason Furman (ed)
The signs of climate change are all around us. The average temperature in the U.S. during the past decade was 1.5 degrees Fahrenheit warmer than the 1901-1960 average, and the last decade was the warmest on record globally. The changing climate and increasing atmospheric greenhouse gas (GHG) concentrations are projected to accelerate multiple threats. Emissions of GHGs such as carbon dioxide (CO2) generate a cost that is borne by present and future generations, that is, by people other than those generating the emissions. These costs are not reflected in the price of those emissions. Without policy action, there will be more emissions and less investment in emissions-reducing technology than there would be if the price of emissions reflected their true costs. This report examines the cost of delaying policy actions to stem climate change. It concludes that delaying action is costly, and that climate policy can be seen as climate insurance taken out against the most damaging potential consequences of climate change. Figures and table. This is a print on demand report.
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