http://www.chron.com/disp/story.mpl/nation/5799388.htmlWASHINGTON — Doing nothing about global warming would cost America dearly in the rest of this century because of stronger hurricanes, higher energy and water costs, and rising seas that would swamp coastal communities, according to a new study by economists at Tufts University.
The study concluded that it would be cheaper to take aggressive action to cut greenhouse gas emissions than it would be to suffer the consequences of a dangerously changing world.
"The longer we wait, the more painful and expensive the consequences will be," the report said.
The Senate in early June will consider legislation to set a declining limit on emissions and establish a market for pollution permits that would reward companies that reduce pollution. The system is designed to reduce total U.S. emissions by an estimated 66 percent from 1990 levels by 2050.
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