Another recent study revealed that thanks to a combination of all three, America is set to enter an economic recession by 2100 that it may not be able to get out of for generations to come. Meanwhile, states that are switching to clean energy are raking in billions of dollars every year.
Still, the net effect will be that the Land of the Free will be faced with a continually rising climate change bill. As the new report reveals, the total cost will reach just over half of all US economic growth in just a single decade.
The report isn’t just a tome full of bad news. As inferred by its title, The Economic Case for Climate Action in the United States, it’s a call to action, one aimed squarely at the Trump administration.
The authors of the report – which include the former Chair of the UN’s Intergovernmental Panel on Climate Change (IPCC) and the Professor of Oceanography at Harvard University – explain that 500,000 new jobs can be created by doubling the nation’s share of renewable energy.
An extra 50,000 jobs in science and engineering would spring up if modest innovations in clean energy tech were made, and 250,000 more would appear if carbon capture and storage systems were constructed. A nationwide carbon tax could also generate $200 billion in revenue.
Money and jobs – a lingo that even the President will understand. Will he listen though?
The report includes a timely statement by the late President Kennedy. “There are risks and costs to a program of action,” he once said. “But they are far less than the long-range risks and costs of comfortable inaction.”