22 Jul '11, 10am

What’s the real cost of not investing in clean energy?

What’s the real cost of not investing in clean energy?

Climate inaction: Are the long-term costs worth the short-term savings? Your house might not burn down next year. So you could probably save money by cancelling your fire insurance. That's a "bargain" that few homeowners would accept. But it's the same deal that politicians have accepted for us, when it comes to insurance against climate change. They have rejected sensible investments in efficiency and clean energy, which would reduce carbon emissions, create green jobs, and jumpstart new technologies -- because they are too expensive. While your house might not burn down, your planet is starting to smolder. Extreme weather events are becoming more common, and more expensive: In the first half of 2011, Mississippi River floods cost us between $2 and $4 billion, while the ongoing Texas drought has cost us between $1.5 and $3 billion, according to the National Climatic Data ...

Full article: http://www.grist.org/climate-policy/2011-07-22-whats-the-...

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