Dan Riskin on paying to address climate change
Transitioning to a carbon neutral global economy won't be cheap, but as Dan Riskin reports, it will be easier to pay now than pay later.
CTVNews.ca
Published Sunday, October 3, 2021
Published Sunday, October 3, 2021
TORONTO -- By now, the environmental cost of inaction on climate change should be evident – but what about the economic cost?
In an effort to determine what various levels of climate action will mean financially, the European Central Bank recently analyzed three scenarios: political and business leaders staying the course on meeting the Paris Agreement targets, a decision to take less action now in order to save money, and nothing at all being done about climate change.
Projecting all three scenarios out 30 years and running a stress test, they found that one scenario was a clear winner when it comes to business profitability.
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CTV News Science and Technology Specialist Dan Riskin breaks it down in this week's Riskin Report.
In an effort to determine what various levels of climate action will mean financially, the European Central Bank recently analyzed three scenarios: political and business leaders staying the course on meeting the Paris Agreement targets, a decision to take less action now in order to save money, and nothing at all being done about climate change.
Projecting all three scenarios out 30 years and running a stress test, they found that one scenario was a clear winner when it comes to business profitability.
Related Stories
Green energy takes hold in unlikely places with Ford project
OPEC: Oil will be world's No. 1 energy source for decades
Italy's 'Smart Bay' seeks to tackle Mediterranean climate change
CTV News Science and Technology Specialist Dan Riskin breaks it down in this week's Riskin Report.
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