Module 2: Transition Risks
Transition Timing
The carbon budget, along with research on the costs of climate change and on the costs of delayed action, suggest that delays in implementing a strong policy response will result in future policy transitions that will necessarily be both more rapid (giving the economy less time to adapt) and more stringent (creating greater transition impacts). And those transition costs will incur on top of greater climate damage costs that will arise because of delays in our response
Please watch the video below for a discussion of implications of transition timing.
Video attribution: “Transition timing and delayed action” by Todd Thexton, Financial Impact of Climate Change, Adaptation Learning Network is licensed under CC BY 4.0.