Copenhagen Climate Accord Could Cost Trillions of Dollars

If a climate accord is reached in Copenhagen, there will be profound shifts in energy production, dislocations in how and where people live, sweeping changes in agriculture and forestry, and the creation of complex new markets in global warming pollution credits, according to an article in the New York Times.

It could all cost trillions of dollars over the next few decades.

The International Energy Agency said that the costs would ramp up relatively slowly and be largely offset by economic benefits in new jobs, improved lives, more secure energy supplies and a reduced danger of climate catastrophe. Most of the investment will come from private rather than public funds, the agency contends.

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One response to this post.

  1. […] Posted by Shawn Martini in Copenhagen, Global Warming. Leave a Comment Disaster avoided! The Copehagen Climate Change Summit drew to an uneasy close tonight with negotiators only able to secure a non-binding agreement between the developed and developing nations and avoiding economic costs in the trillions. […]


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