October 30, 2009

Cutting carbon can be profitable policy

By
Jim Harris
Magazine Article

McKinsey & Company’s report, Reducing US Greenhouse Gas Emissions: How Much at What Cost?, assesses more than 200 strategies for cutting carbon across 10 sectors by 2030. The stunning finding is that 40% of the North American CO2 reductions that need to be made can be achieved at a profit.

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A STAGGERING 94% OF CAR ACCIDENTS ARE DUE TO DRIVER ERROR. So think about the 40,000 lives that will be saved in North America every year in 2025 when all new cars are autonomous (self-driving) vehicles. Think of the 2.5 million people who won’t be maimed or seriously injured annually. Think of the emotional trauma that families will be spared. That’s the GREAT news. There’s also $190 billion of savings in health care costs, the value of lost wages and government benefits. (Globally 1.3 million lives will be saved every year and up to 50 million people will be spared serious injuries).

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