Do emission cuts hurt the economy?

The raging public debate about this question is often ill-informed and ignores relevant data and precedents. For example, in the U.S., regional carbon markets have proven to yield measurable benefits at a remarkably low cost.

Virtually all economic modeling suggests that cutting emissions and continued economic growth are not incompatible. Indeed, Australia's CSIRO (Commonwealth Scientific and Industrial Research Organisation) has concluded that around 3 million additional jobs can be created over the next 20 years during transition to a sustainable economy.