news - Investing in global warming prevention now will head off future costs

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Investing in global warming prevention now will head off future costs

October 11, 2018

The financial benefits of limiting global warming to 1.5ºC outweigh the high cost of doing so, even at a median cost global price of more than $100 per tonne of carbon dioxide, according to a study by UK researchers and academics. Their cost-benefit analysis, The Economics of 1.5°C Climate Change, argues that ambitious carbon pricing programmes can reduce mitigation costs in the medium-to-long term by comparison with scaling up fragmented regulatory measures. This could be particularly effective for developing economies, where mitigation costs could be relatively low.

Source: Annual Review of Environment and Resources