$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.
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Past Blog Entries
- Wind power could be stored as ice
- Fastest computer in the world focused on climate change
- Action on climate change delayed: Copenhagen won't be binding, Congress won't pass bill this year
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