Massive Investment Needed Against Climate Change


Hey, compared to the cost of the war in Iraq, this is fire sale. Plus, a whole lot more effective for homeland security [read why]. A new UN report presented in Vienna says that more than 200 billion dollars will be needed by 2030 just to keep greenhouse gas emissions at today’s levels. According to AFP, the United Nations Framework Convention on Climate Change estimates that between 0.3 and 0.5 percent of global gross domestic product, and between 1.1 and 1.7 percent of global investment, will need to be spent on addressing climate change. This will include investing in technology research and renewable energy. It will also require energy efficiency for transport, industry and construction, as well as supporting agroforestry, and implementing sustainable forest management. The report also states that, in the short term, energy efficiency remains the most promising means to reduce emissions. . . So, have you changed to flourescent light bulbs yet? Are you riding that bike? It’s well known in the bike industry that most Americans ride their new bikes a full 18 miles before garaging them forever. Come on. Our cheapest fuel remains human fat. JULIA WHITTY

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  • Julia Whitty is the environmental correspondent for Mother Jones. Her latest book is Deep Blue Home: An Intimate Ecology of Our Wild Ocean. For more of her stories, click here.