Benefits of ‘drastic’ climate action outweigh costs, say economists


Children play outside in Calcutta, eastern India, on February 24, 2017. Calcutta is among the world’s major cities which are top producers of carbon dioxide emissions. – EPA pic, March 30, 2021.

THE cost of global warming will far outweigh the cost of rapidly cutting greenhouse gas emissions, more than 700 economists from around the world said today in an unprecedented call to climate action.

A major international survey found that nearly three-quarters of the economists responding believed that “immediate and drastic” action was needed to limit the fallout of climate change, warning that the costs of failing to slash carbon pollution would rapidly balloon to reach trillions of dollars every year. 


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