Delaying Climate Policy Would Triple Short-Term Mitigation Costs

Further delay in the implementation of comprehensive international climate policies could substantially increase the short-term costs of climate change mitigation.  Global economic growth would be cut back by up to 7 percent within the first decade after climate policy implementation if the current international stalemate is continued until 2030 -- compared to 2 percent if a climate agreement is reached by 2015 already, a new study shows.

Delaying Climate Policy Would Triple Short-Term Mitigation Costs