Climate Action 2008-2009
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FINANCE<br />
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Policies for a lowcarbon<br />
world<br />
IT IS URGENT TO ACT<br />
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The world’s climate is at a tipping point. To maintain a<br />
reasonable chance of avoiding catastrophic, irreversible<br />
damages to the world’s climate, action now is essential.<br />
Delaying action will not only increase the probability<br />
of serious damage – much of which we have already<br />
bought into – but will also make mitigation and<br />
adaptation actions more expensive, will increase the<br />
risk of lock-in to high-carbon technologies, will lead<br />
to missed opportunities to replace much existing<br />
plant with new low-carbon alternatives and will further<br />
diminish the absorptive capacity of the world’s carbon<br />
sinks, particularly its forests.<br />
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CUTTING EMISSIONS MAKES ECONOMIC<br />
SENSE<br />
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ECONOMIC POLICY 169<br />
VISIT: WWW.CLIMATEACTIONPROGRAMME.ORG
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