Benefits of climate deal would offset cost, IEA says

12/9/2009 | NYTimes.com

Any deal reached at the Copenhagen summit to cope with climate change will cost trillions of dollars during the next few decades, the International Energy Agency estimated. However, the policy would lead to job creation, a better quality of life and a more secure supply of energy, offsetting the cost, the agency said. Beyond that, most of the investment would come from private sources rather than governments and would expand gradually, the agency said.

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