It is now generally agreed that human-caused emissions of greenhouse gases are very likely to cause global warming. This will have serious consequences in the next fifty to one hundred years. What should be done? Some economists argue that taking steps now to mitigate this problem is likely to drive up energy costs and result in reduced economic growth. They suggest that in the interests of economic equality - and particularly to foster economic growth in developing countries - it is better to let growth happen as quickly as possible and rely on future increased technological capacities to solve the problem. Others argue that we need immediate and decisive action on this issue.moreless
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