Stern Triple Shot from Climate One

Stern Triple Shot Research interests The economics of climate change; Economic development and growth; Economic theory; Tax reform; Public policy; The role of the state and economies in transition. While federal experts warn that it will cost $44 trillion to rid the U.S. economy of carbon, Citibank counters that failing to act on climate disruption could result in over $44 trillion in public and private losses over the next 25 years. The true cost of either keeping or ditching fossil fuels was up for discussion at a recent Climate One event. At the Climate Change Conference in Paris last fall, Former World Bank Chief Economist Nicholas Stern noticed a shift in attitude. People around the world came to Paris equipped with a deep understanding of the issues, including the current impact of climate disruption and the risks of a warming planet. They were hungry for examples of cities that were functioning in a sustainable way, and what they saw were cities that offered an abundance of benefits to their residents. “For me, the key change was the understanding of the real attractiveness of the alternative route,” says Stern. “The investments that you make, you shouldn’t see [them] as ‘costs.’ You should see them as investments with very powerful returns.” Silicon Valley entrepreneur Steve Westly also felt inspired by what he saw at the talks in Paris. Two elements that he saw intersect for the first time were galvanized political movements promoting sustainable energy and the breakthroughs in clean energy technology necessary to make those goals cost-effective. “If you think about it, we’re that close to having a world where you may not be having to pay a penny for electricity at home if you buy low-cost solar,” Westly predicts. “You may not even be paying a penny for gas ever again. When you’re not paying for electricity or gas? Wow, that is a whole new world.”
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The Pentagon," calls CLIMATE CHANGE an “urgent and growing threat to America's national security” and blames it for “increased natural disasters” that will require more American troops designated to combat bad weather.