Washington, DC - With our country already experiencing the effects of climate change, the President has taken action to cut carbon pollution by moving to cleaner sources of energy and improving the energy efficiency of our cars, trucks and buildings. But further steps are urgently needed to ensure that we leave our children a planet that’s not polluted or damaged.

The White House today released a new report from the Council of Economic Advisers that examines the economic consequences of delaying action to stem climate change. The report finds that delaying policy actions by a decade increases total mitigation costs by approximately 40 percent, and failing to take any action would risk substantial economic damage. These findings emphasize the need for policy action today.