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Climate change: How economists underestimated benefits of action for decades

By Dimtri Zenghelis, University of Cambridge Cambridge (The Conversation): The costs of doing nothing vastly outweigh the costs of decarbonising a global economy that, since the Industrial Revolution, has been powered by fossil fuels. That may seem self-evident today when catastrophic fires and floods offer daily reminders of how expensive continued inaction on climate change […]