A global commission will announce its finding overnight that an ambitious series of measures to limit emissions would cost $US4 trillion or so over the next 15 years, an increase of roughly 5 per cent over the amount that would likely be spent anyway on new power plants, transit systems and other infrastructure.
When the secondary benefits of greener policies - such as lower fuel costs, fewer premature deaths from air pollution and reduced medical bills - are taken into account, the changes might wind up saving money, according to the findings of the group, the Global Commission on the Economy and Climate.
Tuesday, 16 September 2014
Fixing climate change might not cost any extra
Justin Gillis writes that Fixing climate change may add no costs, report says.