For each decade of delayed action, the United States will pay 40% more to meet an identical carbon pollution reduction target, the U.S. Council of Economic Advisors reported July 29. The analysis, published by the White House, pointed to billions of dollars in added economic costs if the U.S. postpones action on climate change. “The administration, which began two days of public hearings in four cities this week on its proposal to curb greenhouse gas emissions from existing power plants, has been emphasizing the costs of inaction,” Eilperin and Mufson report.
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