*Top U.S. Scientists and Economists Call For Swift, Deep Cuts In Global
Warming Pollution: More than 1,700 Say Early Reductions Can Benefit Economy
*

Source: Union of Concerned Scientists
URL:
http://www.ucsusa.org/news/press_release/top-us-scientists-and-0120.html
Posted Date: May 29, 2008

More than 1,700 of the nation's most prominent scientists and economists
today released a joint statement calling on policymakers to require
immediate, deep reductions in heat-trapping emissions that cause global
warming. Issued just days before the Senate begins debate on the
Lieberman-Warner climate bill, the statement marks the first time leading
U.S. scientists and economists have joined together to make such an appeal.

The statement stresses that implementing policies to achieve swift and
substantial cuts is both economically sound and necessary to limit the worst
consequences of climate change.

"There is a strong consensus that we must do something about reducing the
emissions that cause global warming," said James McCarthy, president of the
American Association for the Advancement of Science and one of the
statement's authors. "The debate right now is about how much we need to cut.
The fact that so many scientists and economists have spoken out and signed
this letter should give policymakers the confidence that we can avert
serious adverse climate impacts."

Besides McCarthy, the statement authors include Mario Molina, a Nobel Prize
winner in chemistry; Peter Frumhoff, director of science and policy at the
Union of Concerned Scientists (UCS) and an Intergovernmental Panel on
Climate Change (IPCC) lead author; Stephen Schneider, a Stanford University
climatologist and a member of the National Academy of Sciences (NAS); and
Geoff Heal, an economist at Columbia University's Business School. The
signatories, compiled by UCS, include six Nobel Prize winners in science or
economics, 31 NAS members, and more than 100 IPCC authors and editors, who
all shared the 2007 Nobel Peace Prize with Al Gore.

According to the statement, "the strength of the science on climate change"
compelled the signers to warn policymakers of climate change's growing
risks, including "sea level rise, heat waves, droughts, wildfires, snowmelt,
floods and disease, as well as increased plant and animal species
extinctions."

The statement notes that acting quickly to cut global warming pollution
would be the most cost-effective way to limit climate change. If the United
States delays taking action, future cuts would have to more drastic and
would be much more expensive. Those costs would come in addition to the
increased cost of adapting to more climate change. Conversely, the statement
says smart reduction strategies would allow the economy to grow, generate
new domestic jobs, protect public health, and strengthen energy security.

The statement concludes that the United States should reduce global warming
pollution "on the order of 80 percent below 2000 levels by 2050" and that
the first step should be reductions of 15 to 20 percent below 2000 levels by
2020. The statement calls on the United States to set an example and bring
nations together to meet the climate challenge.

Columbia University economist Heal said the cost of inaction far outweighs
the cost of addressing climate change. The costs of cutting emissions to
safe levels would be between 1 and 2 percent of gross domestic product
(GDP), he said, while the costs of allowing climate change to proceed
unabated would be on the order of 10 to 20 percent of GDP.
Heal sees the challenge of reducing global warming emissions as an economic
opportunity. "Limiting global warming emissions is a great investment," he
said. "When you compare the cost of acting to the cost of not acting,
cutting emissions would give the world a return of 10 to 1. That's
attractive even to a venture capitalist."

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