Promptly implementing the aggressive actions necessary to reduce U.S. greenhouse gas pollution to net-zero by 2050 would save the U.S. at least $3.5 trillion compared to the cost of waiting until 2030 to start achieving that goal, a report published Wednesday by Energy Innovation found.
The savings, the authors of the report emphasize, only consider the spending required to slash U.S. emissions and thus do not include the savings that would be incurred by the public health benefits of reducing fossil fuel extraction and combustion or the avoided costs associated with extreme weather which delayed climate action could worsen.
“To meet climate goals, it is imperative to start climate action today,” Megan Mahajan, one of the co-authors of the report, told Earther.
“In particular, it is urgent to quickly transition to electric vehicles and building components, because polluting equipment sold today will last for decades.”
For a deeper dive:
Get NationofChange in your inbox
Independent reporting every weekday. No paywall, no advertisers, no corporate owner. Free, and you can unsubscribe whenever you like.
Subscribe freeYour gift is being matched, up to $2,000.
A member of the NationofChange board is matching every contribution to our summer drive, dollar for dollar, until the $2,000 is used up or the drive ends on 24 August. We take no advertising money and answer to no corporate owner. The article you just read was paid for by readers, and right now what they give counts twice.
COMMENTS