Drastic climate action is the best course for economic growth, study finds
Yale Climate Connections reports: For decades, many economists’ analyses seemed to justify inaction on weaning the economy from fossil fuels, saying the astronomical cost of such rapid transformation would strangle economic growth. These experts were heeded over scientists who warned that acting too slowly would court climate catastrophe. But in recent years, more economists have begun to agree that the short-term costs of aggressive action are not as high as once thought, while the long-term costs of inaction are much…