'Cost of Cutting Carbon: Pennies a Day'

Reducing the pollution that causes global warming is both affordable and critical. The cost of capping global warming pollution over the next two decades is almost too small to measure. That's the conclusion of a new report by Environmental Defense Fund (US): "What Will It Cost to Protect Ourselves From Global Warming?". The first-of-its-kind report synthesizes the predictions of a range of peer-reviewed economic models, and finds that:
* We can afford an aggressive cap-and-trade policy to tackle global warming. The cost to the economy will be minimal -- less than one percent of U.S. gross domestic product in 2030.
* We cannot afford to wait. Further delay will greatly increase the costs of making necessary emissions cuts and will risk locking in irreversible climate change.
* Strict limits on global warming pollution can harness the power and creativity of capital markets. Transitioning to a low-carbon economy is best done through the powerful engine that drives our economy.