As far as economics are concerned, here's the conclusion of one of the most recent articles:
It's important to understand that our choices aren't to either reduce carbon emissions or to do nothing. Our options are to either reduce carbon emissions or to continue with business-as-usual emissions that will cause accelerating climate change and damage costs beyond what we can accurately estimate. From an economic perspective, and from a risk management perspective, this should be a no-brainer. As economist Paul Krugman put it,
"So is the climate threat solved? Well, it should be. The science is solid; the technology is there; the economics look far more favorable than anyone expected. All that stands in the way of saving the planet is a combination of ignorance, prejudice and vested interests. What could go wrong?"