Delaying Climate-Fight Deal Is a ‘False Economy,’ IEA Says

Delaying an international deal to protect the climate is a “false economy” because costs to deal with increasing greenhouse gases in the atmosphere will surge, according to the International Energy Agency.

“For every $1 of investment avoided before 2020, an additional $4.30 would need to be spent after 2020 to compensate for the increased emissions,” the Paris-based IEA said today in its World Energy Outlook report.