One of the main arguments against taking action on climate change has always been that it’s too expensive. But new research finds just the opposite: We can’t afford not to. A study published Tuesday in the peer-reviewed scientific journal Nature finds that if nations fail to rein in greenhouse gas emissions sufficiently, as agreed upon in the international Paris Agreement, the global economy stands to lose at least $150 trillion to as much as $792 trillion by the end of the century.
By Jeff Berardelli. CBS MoneyWatch. April 14, 2020.
