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.

Add to FacebookAdd to DiggAdd to Del.icio.usAdd to StumbleuponAdd to RedditAdd to BlinklistAdd to TwitterAdd to TechnoratiAdd to Yahoo BuzzAdd to Newsvine

Advertisements

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. […]

    Reply

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: