A new report prepared for the United Nations estimates that over $7 trillion in natural capital is lost yearly from the total we leave our children, and of that, nearly $3 trillion is lost from carbon emissions, reports Jeff Spross at Climate Progress. Natural capital includes the clean usable natural resources – water, air, land, etc – that exist on our planet and we pass onto to our children. The report estimated the price of those essential resources, and how much of that natural capital was being consumed, depleted or degraded without the responsible party paying the cost for that use. Examples include uncompensated land use, water pollution, and greenhouse gas pollutants. The estimated lost value was a staggering $7.3 trillion in 2009 – about 13 percent of that year’s global economic output. Of that total, nearly 40%, or $2.7 trillion, is from greenhouse gas emissions. The 20 largest regional industries worldwide, of which coal power generation is the largest, are unprofitable when revenues are matched against resource losses. It’s bad news for investors, and for our children, who are being robbed blind yearly by our unsustainable activities.
Join the swelling numbers of voters TELLING Congress they’ll vote for Clean Energy candidates here: http://signon.org/sign/we-are-the-clean-99?source=c.em.cp&r_by=487176 . This is an ongoing campaign (the next Congressional election is in 2 years!) so please, spread the word. It’s our way of telling Congress that a strong clean energy voting bloc is out there. This is how YOU can make a difference.
For more on Climate Change, check out my weekly column at the HuffingtonPost, Climate Change This Week : http://www.huffingtonpost.com/author/index.php?author=mary-ellen-harte
Global Ponzi Scheme: We’re Taking $7.3 Trillion A Year In Natural Capital From Our Children Without Paying For It 2.7 trillion comes from greenhouse gas emissions