Quantcast
Environmental News for a Healthier Planet and Life

Immediate Climate Action Can Save U.S. $3.5 Trillion Over Time

Climate
Immediate Climate Action Can Save U.S. $3.5 Trillion Over Time
Transitioning to electric vehicles is one way to take immediate climate action. Smith Collection / Gado / Getty Images

Promptly implementing the aggressive actions necessary to reduce U.S. greenhouse gas pollution to net-zero by 2050 would save the U.S. at least $3.5 trillion compared to the cost of waiting until 2030 to start achieving that goal, a report published Wednesday by Energy Innovation found.


The savings, the authors of the report emphasize, only consider the spending required to slash U.S. emissions and thus do not include the savings that would be incurred by the public health benefits of reducing fossil fuel extraction and combustion or the avoided costs associated with extreme weather which delayed climate action could worsen.

"To meet climate goals, it is imperative to start climate action today," Megan Mahajan, one of the co-authors of the report, told Earther.

"In particular, it is urgent to quickly transition to electric vehicles and building components, because polluting equipment sold today will last for decades."

For a deeper dive:

Earther, Axios, Quartz

For more climate change and clean energy news, you can follow Climate Nexus on Twitter and Facebook, sign up for daily Hot News, and visit their news site, Nexus Media News.

An Edith's Checkerspot butterfly in Los Padres National Forest in Southern California. Patricia Marroquin / Moment / Getty Images

Butterflies across the U.S. West are disappearing, and now researchers say the climate crisis is largely to blame.

Read More Show Less

EcoWatch Daily Newsletter

A wildfire burns in the Hollywood hills on July 19, 2016 in Hollywood, California. AaronP / Bauer-Griffin / GC Images

California faces another "critically dry year" according to state officials, and a destructive wildfire season looms on its horizon. But in a state that welcomes innovation, water efficacy approaches and drought management could replenish California, increasingly threatened by the climate's new extremes.

Read More Show Less

Trending

Wisdom is seen with her chick in Feb. 2021 at the Midway Atoll National Wildlife Refuge. Jon Brack / Friends of Midway Atoll National Wildlife Refuge / Flickr / CC 2.0

Wisdom the mōlī, or Laysan albatross, is the oldest wild bird known to science at the age of at least 70. She is also, as of February 1, a new mother.

Read More Show Less
Wind turbines in Norway. piola66 / E+ / Getty Images

By Hui Hu

Winter is supposed to be the best season for wind power – the winds are stronger, and since air density increases as the temperature drops, more force is pushing on the blades. But winter also comes with a problem: freezing weather.

Read More Show Less
Jaffa Port in Israel. theDOCK innovated the Israeli maritime space and kickstarted a boom in new technologies. Pixabay

While traditional investment in the ocean technology sector has been tentative, growth in Israeli maritime innovations has been exponential in the last few years, and environmental concern has come to the forefront.

Read More Show Less