Climate 411

Study Finds Plenty of Low-Cost Ways to Cut Emissions

This post is by Keith Gaby, communications director for the national climate campaign at Environmental Defense.

When politicians hesitate to act on global warming, one of the concerns we hear is that cutting the pollution that causes global warming could cost too much. More and more evidence is piling up to show that’s just not true. For one, we have to take into account the cost of not doing anything.

But just as important, the cost of doing what we need to is much less than people fear. A study released today by researchers at McKinsey & Company shows how much is already in our reach.

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Posted in Economics / Comments are closed

Florida and Climate Change: The Costs of Not Acting

This post is by Gerald Karnas, Florida Climate Project Director at Environmental Defense.

Florida stands to lose big-time unless Congress enacts strong climate legislation, soon. The longer Congress delays, the harder climate change will hit Floridians. Damage to just three sectors—tourism, electric utilities, and real estate—together with hurricane damage would shrink the state’s gross domestic product by more than 5 percent by the end of this century.

That’s the key conclusion of a new report by Tufts University economists. Environmental Defense commissioned the report and is helping to launch it today via a press conference in Tallahassee.

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Posted in Economics / Read 3 Responses

U.S. Chamber of Commerce Ad Misleads America on Costs of Global Warming Action

This post is by Sheryl Canter, an Online Writer and Editorial Manager at Environmental Defense.

It’s no surprise the U.S. Chamber of Commerce opposes the Lieberman-Warner bill (see their new ad). They’ve been one of the loudest voices against global warming action for years.

The problem is, their claim that a firm climate bill will cripple our economy is simply wrong. See our previous post on Green Technologies for a more realistic assessment of the costs. There is also a cost to inaction. A recent study by the University of Maryland found that the most expensive option is to do nothing.

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Posted in Economics / Read 1 Response

We Can Stop Global Warming without Hurting the Poor

This post is by Elizabeth Thompson, Legislative Director at Environmental Defense.

The nonpartisan Center on Budget and Policy Priorities (CBPP) just issued an analysis that says we don’t have to choose between solving the global warming crisis and protecting the lowest-income Americans. We can do both through a well-designed cap-and-trade system.

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Also posted in Climate Change Legislation / Read 1 Response

The Most Expensive Solution: Do Nothing

This post is by Sheryl Canter, an Online Writer and Editorial Manager at Environmental Defense.

We frequently hear people worrying about the expense of tackling the global warming problem (an expense that is generally overrated). But what we don’t hear much about is the cost of inaction. How much of a burden will be placed on our economy if we do nothing?

This is the topic of a study just released by the University of Maryland (and partially funded by Environmental Defense) titled "The US Economic Impacts of Climate Change and the Costs of Inaction". The upshot? Taking no action at all is our most expensive policy option.

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Posted in Economics / Read 10 Responses

Mankiw's Argument Against Cap-and-Trade

The author of today’s post, Nat Keohane, Ph.D., is Director of Economic Policy and Analysis at Environmental Defense.

In yesterday’s New York Times, Harvard economics professor N. Gregory Mankiw, advisor to President Bush and presidential candidate Mitt Romney, threw his hat into the climate policy ring. Mankiw called for an international carbon tax to address global climate change.

We’re glad that a highly regarded academic economist is calling for serious action to stop global warming. But we part ways with his prescription for what action to take.

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Also posted in Climate Change Legislation / Read 6 Responses