$7 trillion: cost of not acting to prevent climate change
The extremely scary piece of information is accompanied by a polite suggestion that we spend 1% of the world's money right now, in order to avoid that fate. "We can pay one percent more now," Stern explained, "We can grow and be green."
I agree. I'd be happy to pay one percent more in taxes, I'd even vote for a sales tax to that effect, and I live in a sales-taxless state (and love it very much.) But I think I'd give it up to avoid the "greatest and widest-ranging market failure ever seen."
Via the Guardian.
You do not appear to have Yahoo! Messenger installed. Click here to download and install it.
- Subscribe to Y! Green Featured Articles
- Subscribe to Y! Green News
Past Blog Entries
- Solar projects battling for water
- Dell plants solar trees in the parking lot
- Let's make this clear: Vertical farms don't make sense
- A bladeless fan?
- California crowned most energy efficient by ACEEE
Leave a Comment:
You must first sign in.
More Green Stories
-
Never waste food again
50 ways to use leftovers in everything from soups to compost.
-
Sleep better
Plump old pillows and revive your bedroom for a restful night.
-
What’s in OJ?
Even not-from concentrate orange juice can have unwanted additives.
comments from our community
Be the first to comment on the post
Post Comment