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Inaction vs Action
The benefits of reducing greenhouse gas emissions outweigh the costs by trillions of dollars. Combining the results of the report by the German Institute of Economic Research and Watkiss et al. (2005) studies, we find that the total cost of climate action (cost plus damages) by 2100 is approximately $12 trillion, while the cost of inaction (just damages) is approximately $20 trillion.
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