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

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  • FRIDAY WORLD HEADLINE-The Climate Crisis Is The World’s Biggest Worry – Survey
  • FRIDAY WORLD HEADLINE-Record New Energy Global Growth In 2020
  • THE DAY BEFORE

    THINGS-TO-THINK-ABOUT WEDNESDAY, April 7:

  • TTTA Wednesday-ORIGINAL REPORTING: The Search For A Successor Solar Policy
  • TTTA Wednesday-Local Governments Still Driving New Energy
  • THE DAY BEFORE THE DAY BEFORE

  • Monday Study: PG&E’s Plans To Mitigate Wildfires
  • THE DAY BEFORE THAT

  • Weekend Video: Denial Goes Oh So Wrong
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  • FRIDAY WORLD HEADLINE-‘Gotta Have Hope’ To Beat The Climate Crisis
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    Founding Editor Herman K. Trabish

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  • MONDAY’S STUDY AT NewEnergyNews, April 12:
  • SoCalEdison’s Newest Plan To Mitigate Wildfires

    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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