{"id":64,"date":"2021-04-12T01:21:58","date_gmt":"2021-04-12T05:21:58","guid":{"rendered":"https:\/\/pressbooks.bccampus.ca\/financialimpactclimatechange\/?post_type=chapter&p=64"},"modified":"2022-07-14T19:32:41","modified_gmt":"2022-07-14T23:32:41","slug":"transition-timing","status":"publish","type":"chapter","link":"https:\/\/pressbooks.bccampus.ca\/financialimpactclimatechange\/chapter\/transition-timing\/","title":{"raw":"Transition Timing","rendered":"Transition Timing"},"content":{"raw":"

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<\/p>\r\nPlease watch the video below for a discussion of implications of transition timing.\r\n\r\nhttps:\/\/mediaspace.royalroads.ca\/id\/0_i74zsee4\r\n

Video attribution: \"Transition timing and delayed action\"\u00a0by\u00a0Todd Thexton,\u00a0Financial Impact of Climate Change,\u00a0Adaptation Learning Network<\/a>\u00a0is licensed under\u00a0CC BY 4.0<\/a>.<\/h6>\r\n ","rendered":"

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<\/p>\n

Please watch the video below for a discussion of implications of transition timing.<\/p>\n