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He has made it clear that he will not tolerate extending the Bush tax cuts for the top 2percentt at a cost of cutting back valued government outlays for everyone else.
The cost of cutting carbon emissions is immediate but benefits are deferred and thinly spread.
So we need to reduce by roughly 10-fold the cost of cutting emissions.
Electrolux posted its first quarterly loss in four years because of the cost of cutting 2,800 jobs.
And a piece of recent research, which shows that the cost of cutting pollution often turns out to be less than forecast, supports a modest estimate.
Since the evidence suggests that the cost of cutting emissions would be lower in China than in the United States, this could be a good deal for everyone.
Similar(21)
Moreover, the costs of cutting food could have attendant effects in other areas.
And the new Green Deal (more of which next week) could help bridge more of the upfront costs of cutting carbon.
Slammed by Greens as "seriously flawed", the document emphasised the costs of cutting greenhouse emissions at home.
In this scenario, the value of financial assets would fall by $315bn less, even when the costs of cutting emissions are included.
Other work in the US shows the boosts to human health can be worth 10 times the costs of cutting emissions.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com