Two new studies find that "strong measures to limit carbon emissions would have hardly any negative effect on economic growth, and might actually lead to faster growth," as Nobelist Paul Krugman puts it. Here's why.
The health care-associated savings -- mostly from things like avoided hospital visits and reduced spending on pollution-related illnesses -- from cap-and-trade, for instance, were more than 10 times the cost it took to implement the policy.
The White House's report looks at climate change policy as a form of insurance -- that is, a form of self-protection against various forms of risk. As the costs increase, the report found costs would increase 40 percent for every decade of delay on climate policies.