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Wednesday, July 30, 2014

We know way more than enough to act

President Obama has proposed the most ambitious actions in our history to combat climate disruption - more than all of his predecessors combined.

And he's not about to quit.

Yesterday, the White House released The Cost of Delaying Action to Stem Climate Change, a report which puts our nation's climate policy imperatives in plain English, and quantifies the huge costs of delaying action:
...although delaying action can reduce costs in the short run, on net, delaying action to limit the effects of climate change is costly. Because CO2 accumulates in the atmosphere, delaying action increases CO2 concentrations. Thus, if a policy delay leads to higher ultimate CO2 concentrations, that delay produces persistent economic damages that arise from higher temperatures and higher CO2 concentrations...
These costs will take the form of either greater damages from climate change or higher costs associated with implementing more rapid reductions in greenhouse gas emissions. In practice, delay could result in both types of costs...
(N)et mitigation costs increase, on average, by approximately 40 percent for each decade of delay...
(C)limate policy can be thought of as “climate insurance” taken out against the most severe and irreversible potential consequences of climate change. 
Combating climate disruption now makes eminent economic sense, and will grow the global economy and mitigate huge business risks.  As reported by Bloomberg:
“Acting today will save us money,” Jason Furman, the chairman of the White House Council of Economic Advisers, which is releasing the analysis, told reporters on a conference call. “We know way more than enough to act.”
Those of us with functioning brains, that is.  

We know way more than enough to act.  Will we?

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