Tuesday, June 13, 2017

Climate: what is the cost of doing nothing

Some people wring their hands about the costs of addressing climate change, shifting our energy toward renewables, our vehicles toward electric/hydrogen, and changing our eating habits. But they should factor in the costs of doing nothing: devastating weather events, crop failures, and pandemics.

The share of national GDP at risk from climate change exceeds $1.5 trillion in the 301 major cities around the world. Including the impact of human pandemics – which are likely to become more severe as the planet warms — the figure increases to nearly $2.2 trillion in economic output at risk through 2025.
 If You Think Fighting Climate Change Will Be Expensive, Calculate the Cost of Letting It Happen - Harvard Business Review

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