Figueres told the Guardian in an interview that governments should act now to save money: \”We add $1tn to the cost [of tackling climate change] with every year of delay.\”
The technologies we might use to reduce (or even eliminate) the emissions which lead to climate change are falling in price precipitately.
For example, just last week we had Greenpeace telling us that solar power would be grid comparable (ie, that it will cost at the point of production/consumption the same as coal fired \’leccie from the grid) by 2015 for most of Europe and 2017 for all of it.
Currently solar PV costs 4 times the grid price (that, at least, is the subsidy we offer to get people to install it and that itself was calculated from offering an 8% return on the capital used to install it).
How can it cost more to install a technology in 4 years, when the price has fallen by 80% (or whatever it is) than to install it now?
If we were talking about a problem that was going to arrive in 6 years time, OK, perhaps. But we\’re not, we\’re talking about a chronic problem, one that\’s going to take at minimum multiples of decades, if not centuries, to arrive.
Perhaps someone could explain this to me?