Grist's David Roberts gets into the topic
Imposing a cost on carbon and investing in clean energy would cost plenty of dough. But failing to take action, allowing fossil fuel prices to continue rising, allowing climate change to proceed unrestrained, would also cost. (Joe Romm makes the point well, noting that the Republicans’ Inaction Plan on energy itself represents “the most costly option.” We should call it the Inaction Tax.)
Point is, beware of scary cost numbers, and always keep in mind that the choice is not costs or no costs but which costs.
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