Climate Change Economics: New Report Says Nixing Fossil Fuels Won’t Be Expensive.
Eric Holthaus, Slate: Climate Change Economics: New Report Says Nixing Fossil Fuels Won’t Be Expensive.
Essentially, the report takes a refreshingly short-term look at what many still assume to be a long-term problem. Here’s the basic calculation: Assume $90 trillion is likely to be spent on infrastructure anyway over the next 15 years, and it would take only an additional $4 trillion to rapidly scale up climate-friendly alternatives. The biggest issue is, at current rates, an additional $9 trillion would be spent in subsidies to the fossil fuel industry over the same time span—a gross misallocation of funds if we’re serious about tackling global warming.
Basically, if we just end government’s long-term relationship with the fossil fuel industry, we could fix climate change. For free.
9 trillion reasons the Kochs spend so much money supporting the GOP.