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Obama’s New Climate Goals Could Have Significant Economic Cost

Later this month, a number of nations, including the U.S., will descend upon Paris, France for a week and a half to discuss global efforts to reduce greenhouse gas emissions. The 2015 United Nations Climate Change Conference will take place from November 30th to December 11th, and while most of the event will be used to discuss new ways to mitigate the effects of global climate change, President Obama will be gearing up to discuss the new additions to his climate plan. However, while the commander-in-chief is hoping that a bold climate agenda will spur other nations to take on or continue their own ambitious climate initiatives, the potential economic repercussions may create more of a dissuasive tone; especially for developing industrial nations such as China.