Despite these uncertainties, economists share a broad consensus: climate change will ultimately cost thousands of billions of dollars, a tab that keeps rising as more carbon enters the atmosphere.
"The cost of climate impacts goes up with the delay on emissions mitigation," said Sam Fankhauser of the Grantham Research Institute on Climate Change and the Environment at the London School of Economics (LSE).
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All the estimates of impact costs and mitigation costs are not neatly tied down, with much emphasis on the uncertainties of the interaction between the two, but the nature and size of the problems are sketched. Impacts on the ecosystem, extinctions, and quality of life in the biosphere seem still not accounted for.
Too many artices focus only on the costs of mitigation, rather than the total cost of impacts and mitigation. This article takes a better approach. ... More »
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