Monday, December 08, 2008

Well, it WOULD reduce prosperity...

Jonathan F.P. Rose: Rebuild America for Climate Prosperity
Now it's time for the CPRA -- the Climate Prosperity Reduction Act. The Federal government is pumping well over a trillion dollars into the financial system. We should require any financial system that receives federal funds to invest 25% of the funds into profitable climate change investments. 40% of our greenhouse gases are caused by the electrical, gas and oil consumption of our buildings. A recent McKinsey study shows it is cost-effective to insulate our building stock and upgrade heating, air and water systems -- the latter investments are profitable with paybacks of less than five years.

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