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