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Delaying climate action will carry heavy economic cost, White House warns

RATE THIS! +40
Posted in Science on 30th Jul, 2014 01:21 AM by AlexMuller

The White House has warned that delaying action on climate change would carry a heavy price, racking up an additional 40% in economic losses from climate impacts over the course of 10 years. Officials said the finding underlined the urgency of Obama's efforts to cut carbon pollution.

 
In addition to a new report on the economic cost of delay, the White House is poised to launch two new initiatives on Tuesday dealing with fast-rising methane emissions from the natural gas industry, and buffering food security against future climate change. “We are pushing across the board on the elements of the climate action plan,” John Podesta, Obama's counsellor, told a conference call with reporters.
 
Several former treasury secretaries and a couple of billionaires have come forward in recent weeks to warn Americans about the economic risks of climate change. By producing its own report on the costs of climate change, the White House appeared to be moving to bolster Obama's climate agenda from industry attacks.
 
Industry groups claim that new Environmental Protection Agency rules for power plants will cripple the economy. In their rebuttal, Obama's economic team said the costs of delaying action to cut carbon pollution would be far higher in the long term - 40% over the course of a decade, in terms of the increased costs of cutting greenhouse gas emissions and dealing with climate impacts. The costs were projected to rise even more steeply with each additional degree of warming above the 2C threshold for dangerous climate change, the report said.

Tags: Climateclimate changeglobal warmingpollutionatmosphereenergy

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Comments

Author: Guest
Posted: 2014-07-30
+2
Great news! Finally, the message that doing nothing about climate change now will have enormous long- term consequences, is becoming clear. This is something that is becoming impossible to oppose.
4 Replies
Author: Guest
Posted: 2014-07-30
+1
So many alarms are ringing and yet there is so much resistance to see this as an emergency - governments should call for global cooperation to save the planet from global warming Reply
Author: Guest
Posted: 2014-07-30
+1
Yes, and there are so many other reasons to get off of fossil fuels and embrace a clean energy future. 
Fossil fuels don't just burn to CO2, but release a slew of other toxic chemicals that probably aren't good for our health Reply
Author: Guest
Posted: 2014-07-30
+1
I agree. "When you use clean energy, you don't have to pay for the millions of kids with asthma as a result of air pollution from coal. You don't have to pay some dictators to hand over their oil supplies." Important point! 
 Reply
Reply
Author: Guest
Posted: 2015-07-29
+0
A credit score is based on a 12 month avicitty and usually goes up between 5 to 10% providing you are paying on time. If you're employed at least 12 months and have $500 in a savings account, you should be able to convert it into a secured credit card from a bank. Make sure they belong to the credit bureau and the balance should always be paid the following month if possible. Reply


 

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