Open AccessReport Tallies Cost of Delaying Action on Climate Change
Author(s) -
Showstack Randy
Publication year - 2014
Publication title -
eos, transactions american geophysical union
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.316
H-Index - 86
eISSN - 2324-9250
pISSN - 0096-3941
DOI - 10.1002/2014eo310004
Subject(s) - damages , climate change , natural resource economics , global warming , economic cost , environmental science , action (physics) , economics , political science , ecology , neoclassical economics , law , biology , physics , quantum mechanics
Delaying the implementation of mitigation policies to stem climate change could significantly increase economic damages, according to a 29 July White House report. A delay that results in a warming of 3°C above preindustrial levels, instead of 2°, “could increase economic damages by approximately 0.9 percent of global output,” the report states.