Climate Inaction Will Cost Trillions of Dollars

Fri, 2006-10-13 08:34Ross Gelbspan
Ross Gelbspan's picture

Climate Inaction Will Cost Trillions of Dollars

While the skeptics unanimously overstate the costs of climate protection, a new study calculates that the costs of climate inaction will cost the global economy trillions of dollars.

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Every good magician knows that the key to success is misdirecting the audience. You have to draw everyone’s attention away from your ultimate goal in order to perform the trick. Politics is no different, and one of the greatest misdirections in recent memory has been pulled off by the fossil fuel industry.

While most of the environmental movement was (rightfully) focusing attention on stopping the Keystone XL tar sands export pipeline from crossing over one of the most vital aquifers in the U.S., the dirty energy industry was quietly building a network of...

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