"Lord Stern estimated that capping climate change would cost around 1% of global GDP, while sitting back and letting it hit us would cost between 5 and 20%."
Hmmmm... who's making the investment decisions here and what's wrong with them?
George Monbiot asks some questions about bailing, banking and the future climate.
"I’m often struck by the wildly inflated rhetoric of those who accuse environmentalists of scaremongering. “If those scaremongers have their way they’ll destroy the entire economy” is the kind of claim uttered almost daily, without any apparent irony.
No legislator, as far as I know, has yet been able to explain why making $7.7tn available to the banks is affordable, while investing far smaller sums in new technologies and energy saving is not."
"So why is it so easy to save the banks and so hard to save biosphere? If ever you needed evidence that our governments operate in the interests of the elite, rather than the world as a whole, here it is."
3 comments:
I suggest the oil companies have an invested interest in promotion of the deniers and lets face it its scary to believe in the possibility that we humans with our greed and laziness have caused problems with the climate...
Even scarier to me is the the decisions to deliberately ignore the warnings and develop large projects that will make the problem worse...IN NZ we have our lignite mining ....projects to build more dams on the Clyde
In Brazil they are now building the largest hydro dam in the world on the Amazon this will totally destroy the rain forest which we rely on so much as a buffer to the greenhouse gas emissions !!! Apparently this Hydro project was the instigation by ONE influential minister in the Brazilian Govt ...looks like the Brazilians have caught the NZ disease of giving to much power to one person !!
We are clever little hominids, aren't we Pauline!
Giving power to one person...that seems a dangerous plan. Why would we do such a thing?
Totally agree.
Though, apparently, the bank bail out was over 29 Trillion, in three years!
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