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Foreign Action, Domestic Windfall

Foreign Action, Domestic Windfall

The U.S. Economy Stands to Gain Trillions from Foreign Climate Action

By Peter Howard and Jason Schwartz
November 5, 2015

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Filed under Climate Change and Energy Policy, Reports

Global actions on climate change have already helped the United States avoid more than $200 billion in direct economic damage. Trillions of dollars more for the United States are at stake in securing commitments for future emissions reductions from foreign countries. This report, with a foreword by Nobel Prize-winning economist Kenneth Arrow, uses monetized damage estimates from the government’s “social cost of carbon” metric to calculate the benefits of avoided carbon emissions to the United States.