The Costs of Delay: Waiting Until 2020 Could Cost Nearly $400 Billion

It pays to adopt smart energy policy sooner rather than later. If policymakers wait just four years (until 2020) to take action and want to achieve the same emissions reductions by 2030, they risk nearly $400 billion in additional costs. Policy implementation should start early to take advantage of natural capital stock turnover and the increased productivity of an efficient system.