It could, potentially, get even worse: The authors of another recent notable study suggested that climate change-related phenomena could push America into an economic recession by 2100 that it may not be able to get out of for generations to come. As ever, the poor will suffer the most; the chasm of inequality will only widen further.
All in all, it’s expensive to not act on climate change and to be a climate denialist.
The report, however, 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 sums up its sobering projections and optimistic suggestions with 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.”