For decades, big polluters and their allies have been crying wolf that cutting pollution will severely damage the economy, and now, they're up to the same old tricks with carbon pollution. Although the benefits of stabilizing the climate have long outweighed the costs of decarbonization, a growing body of evidence suggests that climate action can grow the economy too. As Citi - one of the world's largest financial institutions - wrote in areport on climate action this August, "a very strong 'Why would you not?' argument begins to develop." This marks a major shift in the conversation around combating climate change - a fight that had long been miscast as a choice between protecting the planet or the economy, but not both.
Read Full Article »
