Delaying Climate Change Action Will Be Costly

An article describing the dangers of climate change inaction recently made the front page of the New York Times website. Here are some important snippets from the article:

“Nations have so dragged their feet in battling climate change that the situation has grown critical and the risk of severe economic disruption is rising, according to a draft United Nations report. Another 15 years of failure to limit carbon emissions could make the problem virtually impossible to solve with current technologies, experts found.

While the spread of technologies like solar power and wind farms might give the impression of progress, the report said, such developments are being overtaken by rising emissions from fossil fuels over the past decade, especially in fast-growing countries like China. And one of the most important sources of low-carbon energy, nuclear power, is actually declining over time as a percentage of the global energy mix, the report said.

Even as the early effects of climate change are starting to be felt around the world, the [Intergovernmental Panel on Climate Change] concluded that efforts are lagging not only in reducing emissions, but also in adapting to the climatic changes that have become inevitable.”

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