A new study shows what many of us can figure out intuitively. Waiting to address climate change could cost us trillions of dollars.
So let’s get fiscally responsible and get moving.
“There’s really no good reason to wait to tackle the climate crisis, but especially when it comes to money. A new report offers yet more proof that the longer we wait, the higher that cost will be.
The analysis by policy research firm Energy Innovation, published on Wednesday morning, examines two scenarios for reaching net-zero greenhouse gas emissions by 2050. That’s a target set by the Biden administration and several other countries, and based on advice from United Nations climate scientists on how to avert dangerous levels of warming. In one modeled scenario, the U.S. begins aggressive efforts to decarbonize now. In the other, officials wait until 2030 to start.
The financial difference could prove to be massive.”