SEARCH
A great gift
for crisis deniers!
Humoring the Horror of the
Converging Emergencies
94 color pages
$24.99 now $15!
Or read FREE online!
Twitter
Ping this story
in social media:
del.icio.us
Digg
Newsvine
NowPublic
Reddit
Facebook
StumbleUpon
|
 |
|
 |
|
 |
|
 |
|
Climate deal: A guarantee our children will be worse off than us http://apocadocs.com/s.pl?1323618372
The loans in euros, dollars and pounds will be called in within days, weeks, and months. But the environmental debt - run up by many decades of dumping carbon dioxide waste in the atmosphere - won't be due for full repayment before 2020, according to the plan from Durban. If this roadmap to agree a global deal to tackle climate change by 2015, which would take force by 2020, is a triumph, it is a pitiful one. It aspires to achieve in four year's time what was deemed essential by the world's governments in 2007, but crashed at the Copenhagen summit in 2009.
That eight-year failure is why the ecological debt will inevitably transform into a new economic debt dwarfing our current woes. Like a loan-shark's debt, the cost of halting global warming - and coping with the impacts already certain - spirals higher and higher the longer you leave repayment. At the moment, as record rises in carbon emissions show, we are paying back nothing.
|
|
 |
|
 |
|
 |
[Read more stories about:
climate impacts, short-term thinking, stupid humans]
|
 |
|
New!:
| |
|
No reader quips yet -- be the first! | |
|
Got a PaniQuip?
|
|
|
We reserve the
right to reuse, remove, or refuse any entry.
| |
|
|
'Doc Michael says:
|
|
|
 |
Are you kidding? We'll just collateralize the debt and sell futures on it. It's worked so far.
|
|
|
|
|
Want to explore more?
Try the PaniCloud!
|
