An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
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Monday, February 3, 2020
David Neild - Fighting Climate Change Is The Cheapest Option We have
But new research investigating the future costs of dealing with a warming planet shows just how counterintuitive that way of thinking actually is, because the longer we wait to take action, the more we're going to have to pay in the long run.
According to the study's calculations, the cheapest option at this point is to pay what it takes to limit the global temperature rise over the next century to 2 degrees Celsius – the same number that governments committed to with the Paris Agreement.
Science Alert
David Neild - Fighting Climate Change Is The Cheapest Option We have
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