… the projected economic impact of an ambitious and long-term emission reduction effort amounts to a 1 to 3 percent hit on gross domestic product:

Some economists have become known for advocating only slow and modest responses to climate change, lest the costs of mitigation become too large. This report demonstrates that such conclusions are incorrect. A number of economic analyses, informed by recent scientific findings and using reasonable assumptions, suggest that more ambitious targets and quicker action make good economic sense.

“The net cost to U.S. households and the economy looks to be pretty small,”said Frank Ackerman, a professor at Tufts University and a senior economist with the Stockholm Environmental Institute, in a recent interview with Green Inc.

Counterpoint to yesterday’s note about climate change mitigation requiring a planned recession.