The Cost-Benefit Equation of Climate Change Action

Filed in archive Opinion on October 17, 2006

According to Britain's Shell UK, a subsidiary of Royal Dutch Shell PLC, the cost-benefit equation of action to tackle climate change in favorable. And this is a world-wide truth that could be worth trillions of dollars in the next five years.

In a report released by Shell UK, actions related to climate change mitigation might be a drop in Britain's economy (only 0.3 percent of total national output) but the opportunities that are being developed particularly in the fields of renewable energy generation, biofuel supply, and developing standards for products and systems that comply with energy efficiency requirements are huge.

A report from an oil company with a renewable energy outlook must be seen and read. After all, it encourages private parities and governments to offer incentives to developers to encourage people to address various climate change issues and concerns.

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