'The Cost of Delaying Action to Stem Climate Change'

Jason Furman, Ron Shadbegian, and Jim Stock:

The cost of delaying action to stem climate change: A meta-analysis, Vox EU: Summary The cost of delaying climate action has been studied extensively. This column discusses new findings based on a meta-analysis of published model runs. A one-decade delay in addressing climate change would lead to about a 40% increase in the net present value cost of addressing climate change. If anything, the methodology used in this analysis could understate the cost of delay. Uncertainty and the possibility of tipping points provide a motivation for more action as a form of insurance against worse outcomes.