Economist Joseph Stiglitz writes of climate change: “There is a point at which, once this harm occurs, it cannot be undone at any reasonable cost or in any reasonable period of time. Based on the best available science, our country is close to approaching that point.” Credit: Win McNamee/Getty Images
One of the world’s top economists has written an expert court report that forcefully supports a group of children and young adults who have sued the federal government for failing to act on climate change. (Source: Inside Climate News here) Excerpts in italics with my bolds.
Stiglitz, a Columbia University economics professor and former World Bank chief economist, concludes that increasing global warming will have huge costs on society and that a fossil fuel-based system “is causing imminent, significant, and irreparable harm to the Youth Plaintiffs and Affected Children more generally.” He explains in a footnote that his analysis…
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