Monday, October 30, 2006

Global Warming: Cheaper to Solve than to Ignore It

Today I came across this very interesting article about Global Warming, and how it's cheaper to solve it now (around 1% of global GDP), than to ignore it and have to deal with it's consequences in the future:

"A report by economist Sir Nicholas Stern suggests that global warming could shrink the global economy by 20%."

Very interesting to Brazil, economically speaking. We have large areas of destroyed native forest that is in great need of being recovered. And that's exactly what it takes to enter the Carbon Market.

You see, if you have a grown tree, it's doing its job of cleaning the air, serving as habitat, etc. But if you plant a new tree, it needs carbon to grow, and this carbon is taken from the atmosphere and locked-up in the tree's trunk. Therefore, by recovering destroyed forest, we are not only creating a better environment, but also being able to make some money out of it.

Perhaps this will be the green-gold era, with Brazil as a top player!

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