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The Quadrillion Dollar Cost of Climate Inaction
21 Mar 2024 | Abstracted from Climate Policy Initiative
"Putting a price on each year of delayed climate action is critical for the public and decision-makers to understand the scope and urgency of the climate crisis. Concrete figures and projections can urge policymakers to act more effectively than metaphors of burning homes...
"These needs are dwarfed by the increased social and economic costs that will be incurred under business-as-usual (BAU) warming scenarios (which CPI estimates to be at least USD 1,266 trillion) and will only worsen the longer action is delayed.
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