Year 2, Month 12, Day 4: Just Wait For The Balance-Transfer Offers!

The Atlanta Journal-Constitution runs an AP article on Rajendra Pachauri’s words about how expensive climate change is certain to be:

DURBAN, South Africa — The U.N.’s top climate scientist cautioned climate negotiators Wednesday that global warming is leading to human dangers and soaring financial costs, but containing carbon emissions will have a host of benefits.

Rajendra Pachauri, head of the Nobel-winning Intergovernmental Panel on Climate Change, summarized a litany of potential disasters at a U.N. climate conference in the South African city of Durban. Although he gave no explicit deadlines, the implication was that time is running out for greenhouse gas emissions to level off and begin to decline.

If we won’t change our ways to save the planet’s biosphere, maybe we’ll do it to save money. Sent November 30:

Time is running out for the spurious fiscal arguments that have been deployed over and over again to justify inaction on climate change. As extreme weather becomes the norm, there will be huge impacts in every area of the economy. Public health, infrastructure, agriculture, transportation — all will be profoundly affected in ways neither public or private sectors have anticipated.

Such climate-related expenses are direct consequences of our century-long binge of fossil-fuel consumption. But now, the hidden costs of our energy economy are becoming obvious; oil and coal are suddenly very expensive once these factors have been included.

Financial responsibility now requires two things. First, paying off our debt to the environment; we’ve exceeded our credit limit and are now incurring significant penalties. And second, we must build an energy economy that ensures that all citizens of Earth live within their ecological means. Sustainability and fiscal responsibility must be synonymous.

Warren Senders

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