Fighting Global Warming Will Cost $4 Trillion +
A new report from the Global Commission on the Economy and Climate reports that fighting global warming will cost $4 trillion over 15 years. However, the report also says:
- Countries will spend an extra $90 trillion on infrastructure.
- Countries will enact policies to reduce their carbon footprints.
Expanding each participating country’s infrastructure, halt deforestation, regulate carbon dioxide emissions, land use reforms and reducing fossil fuel subsides is just the start of a much larger economic cost than just $4 trillion that the report claims would be the cost to fight global warming.
And this after the earth’s temperature has levelled off and begun to decline over the past 20 years. Two decades late and trillions of dollars short.