Leave Policy Wonks and Global Warming

global warming: That the top note from a report published this month by Citigroup, one of the planet largest banking and financial services companies, according to MSNBC. The 122-page document, which tends to leave policy wonks drenched in admiration, compared two possible futures. But a major new study argues that in fact the opposite is true: The economy could lose at least $44 trillion if the world fails to slow the impact of global warming. In one scenario, the world rapidly shifts to a mix of low carbon energy, like wind and solar. The total spent on capital expenses in the do-nothing scenario is calculated at about $192 trillion. In the other scenario, the world drifts along like it has for decades, using the atmosphere as an ashtray for carbon. * When climate change attacks* To the surprise of the authors, a pedigreed team of 10 financial analysts and economists, the basic costs of the two scenarios come out about the same. (news.financializer.com). As reported in the news.