17 Jul '11, 2am

Time To Pay The Carbon Debt

Time To Pay The Carbon Debt

An article on Forbes’ “Sustainable Capitalism” blog is well worth reading. The subject a familiar one: the debt is “ballooning out of control and threatening to spur…economic chaos.” Except that it’s not the debt you’re reading about in the newspapers every day, but a different debt that might even be more important in many ways (bolding added for emphasis): The carbon debt. Those pesky greenhouse gas emissions that we spew to power our businesses, drive our cars and heat and cool our homes are accumulating in the atmosphere like an unpaid bill with compounding interest. Economists now say that the bill for all that unchecked carbon pollution is a lot bigger than previously thought—and that the longer we wait to pay it, the more it’s going to cost us. A new peer-reviewed report released this week by the Economics and Equity for the Environment (E3) network found that each ...

Full article: http://www.solarfeeds.com/scaling-green/17585-time-to-pay...

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