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Study: US could gain trillions from action on climate change
Yuddha Manggala Putri, November 5, 2015 (TreeAngle)
“The U.S. stands to gain up to $10 trillion by 2050 if other countries take action against climate change, [according to Foreign Action, Domestic Windfoall from] the Institute for Policy Integrity at New York University School of Law, which] is reason enough for the U.S. to take the lead on securing ambitious carbon reduction pledges from countries like China and India…Those gains were calculated by examining the ‘social cost of carbon,’ or SCC, which…[include] lost agricultural and labor productivity, trade and energy supply disruptions, negative public health consequences, ocean acidification, extreme weather events, flooding, wildfires, increased pests and pathogens, water shortages, migration, regional conflicts, and loss of biodiversity and ecosystem services, among others…[T]he U.S. could suffer from disruption to global financial markets…[and climate-related] disaster in nearby countries could also trigger an expensive mass migration to the U.S…” click here for more
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