Necessary fixes for tackling climate change may not have additional costs as of 2014

June 11, 2015

"In decades of public debate about global warming, one assumption has been accepted by virtually all factions: that tackling it would necessarily be costly. But a new report casts doubt on that idea, declaring that the necessary fixes could wind up being effectively free. A global commission will announce its finding on Tuesday that an ambitious series of measures to limit emissions would cost $4 trillion or so over the next 15 years, an increase of roughly 5 percent over the amount that would likely be spent anyway on new power plants, transit systems and other infrastructure."

 

[Original report cited by NYTimes: http://newclimateeconomy.report/]

 

Justin Gillis, “Fixing Climate Change May Add No Costs, Report Says,” New York Times, September 16, 2014, accessed September 18, 2014, http://www.nytimes.com/2014/09/16/science/earth/fixing-climate-change-ma....

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