NewEnergyNews: COST OF NO CLIMATE: $44 TRILLION – CITIBANK

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YESTERDAY

  • FRIDAY WORLD HEADLINE-The World Takes Climate Change To Court
  • FRIDAY WORLD HEADLINE-Corporate New Energy Push Now In 75 Countries
  • THE DAY BEFORE

    THINGS-TO-THINK-ABOUT THURSDAY, May 24:

  • TTTA Thursday-Climate Change Goes To Court
  • TTTA Thursday-New Energy Now Beats The Market
  • THE DAY BEFORE THE DAY BEFORE

  • ORIGINAL REPORTING: Hawaii Leads New Energy Again With Solar Breakthrough
  • ORIGINAL REPORTING: Grid Modernization Accelerates
  • THE DAY BEFORE THAT

  • TODAY’S STUDY: New Numbers Show Grid Modernization Gaining
  • NO QUICK NEWS TODAY, DUE TO TECHNICAL PROBLEMS CAUSED BY A MICROSOFT UPDATE. GRRR…
  • THE LAST DAY UP HERE

  • TODAY’S STUDY: A Defense Of Rooftop Solar
  • QUICK NEWS, May 21: Stop Climate Change To Save “Tens Of Thousands” Species; Willing To Pay For New Energy; Lawmakers, Regulators Working To Grow EVs
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    Founding Editor Herman K. Trabish

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    Some details about NewEnergyNews and the man behind the curtain: Herman K. Trabish, Agua Dulce, CA., Doctor with my hands, Writer with my head, Student of New Energy and Human Experience with my heart

    email: herman@NewEnergyNews.net

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    Thursday, August 27, 2015

    COST OF NO CLIMATE: $44 TRILLION – CITIBANK

    Cost of not acting on climate change $44 trillion: Citi

    Anmar Frangoul, 18 August 2015 (CNBC)

    “Up to $44 trillion could be going up in smoke if the world does not act on climate change, according to [ Energy Darwinism II: Why a Low Carbon Future Doesn't Have to Cost the Earth from CitiGroup, which forecasts] that spending on energy will hit around $200 trillion in the next 25 years…The study then examines two scenarios: one that Citi describe as an 'inaction'…and another that looks at what could happen if a low carbon, ‘different energy mix’ is pursued…[The central case in the report is that the costs in terms of lost (gross domestic product) GDP from not acting on climate change can be $44 trillion dollars by the time we get to 2060…[The report authors see December's crucial United Nations COP21 meeting in Paris] as hugely significant, with the aim of reaching an agreement to keep global warming below two degrees centigrade…[because] all of the players are arriving with positively aligned intentions, including the big emitters: the US and China...” click here for more

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