“BENEFITS FAR OUTWEIGH COSTS OF TACKLING CLIMATE CHANGE, SAYS LSE STUDY” (July 13, 2015)
Thus The Guardian today. “Improved air quality, energy efficiency, and energy security, plus falling costs of renewables, are among extra gains of reducing global emissions, says Fergus Green,” explains the newspaper. The London School of Economics study points out that countries stand to gain more than they would lose in economic terms from almost all actions needed to meet an agreed global warming limit of no more than two degrees Celsius above pre-industrial levels. In short, the upcoming Paris climate talks are an economic boon. Fergus Green is a lawyer who presently serves as a policy analyst and research adviser to Nicholas Stern, also at LSE. The study team lead by Green warns countries against looking for a “free ride” on the efforts of other countries. Instead, all countries should work together to achieve the common goal. According to the article, the study’s conclusions echo those of the Nobel laureate Joseph Stiglitz, who argues that “creating a green economy is not only consistent with economic growth, but it can also promote economic growth.” Congratulations all around! At long last, capitalism and greenery are on the same page, and there is much money to be made in the foreseeable future. Having learned about the LSE study, I feel almost sorry for climate change. Still in its early stages, it is history already.