"Be not ye afraid of them: remember YHWH, which is great and terrible, and fight for your brethren, your sons, and your daughters, your wives, and your houses." -Nehemiah 4:14
Combating climate change may not be a question of who will carry the burden but could instead be a rush for the benefits, according to new economic modeling presented at “Climate Change: Global Risks, Challenges & Decisions” hosted by the University of Copenhagen.Contrary to current cost models for lowering greenhouse gas emissions and fighting climate change, a group of researchers from the University of Cambridge conclude that even very stringent reductions of can create a macroeconomic benefit, if governments go about it the right way.“Where many current calculations get it wrong is in the assumption that more stringent measures will necessarily raise the overall cost, especially when there is substantial unemployment and underuse of capacity as there is today”, explains Terry Barker, Director of Cambridge Centre for Climate Change Mitigation Research (4CMR), Department of Land Economy, University of Cambridge and a member of the Scientific Steering Committee of the Congress.
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