$8 trillion energy bill – How MVHR saves money and cuts CO2 emissions
Time really is money, especially when you’re talking about climate change. A recent New Scientist report highlights how two years of inaction on global warming has cost the world $8 trillion, a vast sum in anyone’s book.
The International Energy Agency (IEA) report, which looks at the cost of converting to green electricity to keep global warming below 2 degrees centigrade, found that it’ll cost a whopping $44 trillion more to go green in 2014 than it would to stick to the current fossil fuel mix. It’s a vast amount of money… but the longer we wait, the more it will cost. 2012′s calculation, for example, came in at a much lower $36 trillion.
Yes, going green is horribly expensive. But there’s good news – it will result in even bigger long term savings, an estimated $115 trillion by 2050. […]