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The cost of delaying action to stem climate change


This report examines the economic consequences of delaying implementing policies to reduce the pace and ultimate magnitude of these changes; the findings emphasize the need for policy action today. It asserts that (i) immediate action substantially reduces the cost of achieving climate targets; (ii) Climate change stemming from delayed action creates large estimated economic damages; (iii) The possibility of abrupt, large-scale, catastrophic changes in our climate increases the need to act; (iv) Enacting meaningful change in climate policy is analogous to purchasing climate insurance.

Keywords

  • Themes:Climate Change, Governance, Insurance & Risk Transfer
  • Countries/Regions:United States of America

  • Short URL:http://preventionweb.net/go/38895

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